COFFEYVILLE, Kan., Feb 28, 2007 /PRNewswire-FirstCall via COMTEX/ -- Allenergy, Inc. (OTC: ALRY), is pleased to announce that it has completed approximately one million dollars in committed funding since September 2006. The money raised will be used to target and acquire additional oil and gas fields and it will also help to further develop the Company's existing, robust asset base.

"We have secured adequate funding for the foreseeable future," said Company President Larry Sanford. "Allenergy is now in a position to continue its organic and acquisition-led growth, and reinforce our position as a key player in the Southeastern Kansas oil and gas market."

"More specifically, the Company is pleased to welcome Terra Silex Holdings, LLC as a major investor," Mr. Sanford stated. "We will be working with Terra Silex on several strategic initiatives that could involve business combinations in concert with their investment capabilities."

A portion of the capital raised was used to purchase the Dark Treasures property, which has historically produced more than one hundred thousand dollars per year in net cash flow. "This acquisition will play a vital role in the Company's goal to drive shareholder value," Mr. Sanford said.

About Allenergy: 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, is strategically focused on areas of these states believed to contain more than 1.5 trillion cubic feet of natural gas and helium at shallow depths. The Company currently holds roughly 5,500 acres of leased property with over 100 producing oil and gas wells.

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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