Allenergy
Moves Quickly With Dark Treasures Well Workover
COFFEYVILLE, Kan., March 20, 2007 /PRNewswire-FirstCall
via COMTEX/ -- Allenergy, Inc. (OTC: ALRY), is pleased
to announce that it has scheduled an extensive remedial
well workover on its newly acquired Dark Treasures lease
located in Montgomery and Chautauqua Counties, Kansas.
The Dark Treasures leasehold adjoins Allenergy's Ball
Lease, also in Montgomery County, reinforcing the
Company's strategic targeting and acquisition of
additional oil and gas fields to further develop ALRY's
existing robust asset base there.
"The importance of these two properties situated on
the Longton Anticline is that several producing
formations remain untested or fully productive for
certain economic reasons, primarily the lack of a
natural gas pipeline for transportation to the
marketer," said Company President Larry Sanford.
"Through our precise due diligence, Allenergy
discovered a well that flow-tested 330 MCFPD but was
completed in an oil zone. Our plans are to set a bridge
plug to isolate lower zones and perforate the Layton
formation. After a 48-hour shut-in we will decide to
stimulate with spot acid or other options we have
prioritized. This entire property has similar
opportunities and ample space for drilling and testing
deeper formations," Mr. Sanford concluded.
"Our interest to grow in this area has intensified as
a result of the workover plan, and Allenergy continues
to step up the process to optimize production," 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.
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