Allenergy Oil and Gas
Properties Now Encompass 5,500 Acres and 100+ Wells
COFFEYVILLE, Kan., Jan 31, 2007 /PRNewswire-FirstCall
via COMTEX/ -- Allenergy, Inc. (OTC: ALRY), with a
17-year history in the oil and gas industry and current
involvement in the multi-billion dollar natural gas
fields in Kansas and Oklahoma, announced today that its
holdings now encompass over 5,500 acres and more than
100 wells on producing properties in Southeastern Kansas
and North Central Oklahoma.
"Allenergy has assembled an impressive collection of
assets that produce oil and gas," said Company President
Larry Sanford. "We are now releasing a comprehensive
summary of our ten properties so investors can
understand the Company's intrinsic value," Mr. Sanford
stated.
ALLENERGY, INC. PROPERTIES IN JANUARY 2007
SOUTHEASTERN KANSAS
Chautauqua County -- 2,060 Acres:
~Ball Lease -- 480 Acres situated on the Longton
Anticline with powerful
geology that suggests multiple producing zones,
several Arbuckle plays,
coal bed methane existence, and multiple producing
oil sands.
~Fields Lease -- 300 Acres in the middle of
newly-discovered coal bed
methane fields, Allenergy was successful in securing
this lease ahead of
several major independents who previously sought the
property.
~Thorne Lease -- 160 Acres located 1.5 miles south
east of the
newly-discovered "Mississippi Lime," which came in at
235 thousand cubic
feet of gas and 13 barrels of oil per day. The Thorne
Lease includes
several oil producing zones and coal bed methane.
~Thorne Home Lease -- 160 Acres adjacent to the
Thorne Lease, containing
the same geographical attributes and potential.
~Dark Treasures Lease -- 960 Acres contiguous to the
Ball Lease,
consisting of four leases, the Moore (160 acres),
Clark (400 acres),
Pendleton (240 acres) and Bayless (160 acres), with
each lease held by one
gas well, currently producing more than 80,000 cubic
feet per day of
natural gas.
Montgomery County -- 480 Acres:
~Smith Lease -- 160 Acres with gas reserves estimated
at 246.7 million
cubic feet of gas by Kune Laboratory, the property's
production has been
enhanced with the installation of the PC Pump(TM) on
one if its well
sites.
~Ferguson Lease -- 320 Acres with reserves in two
zones that combine for
327.04 million cubic feet of coal bed methane gas in
place. Five
additional wells are planned with 400 thousand cubic
feet per day of total
production possible.
NORTH CENTRAL OKLAHOMA
Creek County -- 2,200 Acres producing profitably with
10 of 50 wells in
operation at present.
Logan County -- 320 Acres with one gas well completed
thus far.
Okmulgee County -- 486 Acres:
~Kelly Lease -- has completed geology on sectors
north and south, which
confirm the presence of the highly oil-productive
Woodford Shale
Formation. Producing properties have been drilled
south of Allenergy's
interests, yielding 300 barrels of oil per day.
For more information about the Company, please visit
http://www.allenergyinc.com
Note: Certain statements in this news release may
contain "forward looking" information within the meaning
of rule 175 under the Securities Act of 1933 and Rule
3b-6 under the Securities Act of 1934 and are subject to
the safe harbor created by those rules. All statements,
other than statements of fact, included in this release,
may include forward-looking statements that involve
risks and uncertainties. There can be no assurance that
such statements will be accurate and actual results and
future events could differ materially from those
anticipated in such statements.
Allenergy, Inc.: 877-277-8171.
Contacts: E&E Communications Paul Knopick, (949) 707-5365
pknopick@eandecommunications.com
SOURCE Allenergy, Inc.
Allenergy, Inc.
URL: http://www.allenergyinc.com
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