Allenergy Expanding Holdings
COFFEYVILLE, Kan., April 18, 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, is pleased to announce a
consulting agreement with Luther A. Park Jr., who has
studied in depth the specific areas where Allenergy is
completing wells, specifically Dark Treasures, Ball and
the upcoming Bayless "B" properties for 28 years.
"Mr. Park's unprecedented knowledge will surely aid
the Company to expedite our planned blitz of completing
more wells to complement our recent Moore TM-1
discovery," said Allenergy President Larry Sanford.
"Our Moore TM-1 well is still maintaining the initial
pressures, which gives us great confidence in its
potential. While we have been experiencing difficulties
with the Marketer's gas compressor being down
periodically, we have been selling product since last
Thursday. It is impossible, however, for us to establish
flow rates with these interruptions. In the interim,
along with Mr. Park, we are compiling a minute
examination of the next wells for completion," Mr.
Sanford said.
Allenergy has made a number of announcements of its
intent to procure acreage in Montgomery and Chautauqua
Counties, Kansas, and that has been successful. "It is
now time for the Company to expand holdings beyond this
area," Mr. Sanford said.
In the last few weeks Allenergy has targeted Labette,
Cowley, Woodson and Elk Counties in Kansas. "We are
extremely fortunate to have qualified contacts in these
counties because of our work habits and the value that
is inherent in our Company," Mr. Sanford said.
About Allenergy: Allenergy, Inc. (OTC: ALRY) is
strategically focused on areas of Kansas and Oklahoma
believed to contain more than 1.5 trillion cubic feet of
natural gas and helium at shallow depths. The Company
currently holds approximately 5,500 acres of leased land
with over 100 oil and gas wells on its producing
properties.
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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