Allenergy Updates on Dark Treasures
Project
COFFEYVILLE, Kan., April 23, 2007 /PRNewswire-FirstCall
via COMTEX/ -- Allenergy, Inc. (OTC: ALRY - News), 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, today updated
investors on its Dark Treasures property, which consists
of four separate leases: The Moore (160 acres), Clark
(400 acres), Pendleton (240 acres), and Bayless (160
acres). Allenergy holds a 100% working interest in the
Dark Treasures project with an 80% net revenue interest.
The Moore TM-1 was perforated on April 11th and a
spot acid job was scheduled for the 12th. The
stimulation of the acid was not needed because of the
immediate results of just perforating the casing.
Obtaining these results without stimulation or a frac
job is extremely rare for this area.
The Moore TM-1 well has been free flowing natural gas
for twelve days while containing 110 PSI of the 160 PSI
on the formation and the Moore gas meter is charting an
impressive 61.6 mcfpd and still experiencing deviated
line pressure from the compressor. Allenergy will
maintain the 110 PSI for a couple of weeks then slowly
decrease back pressure to increase flow rate. "We will
continue this method until it is time for the
stimulation and/or frac. It is impossible to determine
the magnitude of this discovery until all production
options are completed," said Larry Sanford, President
The Dark Treasures was purchased with a portion of
the 504 Reg. D raise that started in September 2006 and
ended February 2007.
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
SOURCE Allenergy, Inc.
CONTACT: Allenergy, Inc.: 1-877-277-8171 or Paul Knopick of E&E
Communications, +1-949-707- 5365.
pknopick@eandecommunications.com, for Allenergy, Inc.
URL: http://www.allenergyinc.com/
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