Allenergy
Announces Free Flowing Gas Wells in Kansas and Oklahoma
Apr 12, 2007 (M2 PRESSWIRE via COMTEX) -- Market
Gainer is quickly emerging as the one stop shop for
international small-cap investors looking to stay a step
ahead of the markets. Today's activity on the markets
has brought these companies to the attention of our
research team. On the Pinksheets exchange Allenergy,
Inc. (OTC PK:ALRY), is responding to the attention of
investors. Our goal is to create a community of
international investors who consistently and effectively
capitalize on the enormous gains the small-cap Canadian
and American exchanges offer.
Allenergy, Inc. (OTC PK: 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
significant, unexpected results of the perforation job
on the Dark Treasures Moore TM-1 well located in
Chautauqua County, Kansas.
As previously announced, the Company's plans were to
perforate the Layton formation and follow with a spot
acid job to stimulate the formation. Allenergy shot the
Layton at the exact footage that was planned and the
procedure was normal, except for one thing, gas came to
the surface.
For safety reasons, the Company had a 4" x 2" swage,
a valve and a 160# gauge on hand to quickly contain the
well. After the containment, the 160# gauge was at its
maximum.
"This is a huge occurrence," said Larry Sanford,
Allenergy President. "We have a virgin pressure, free
flowing gas well. We should be selling gas as early as
today, after everything is properly installed, including
a back pressure valve that will hold back 100PSI on the
formation to prevent the migration of water in the
casing. Production numbers will follow as soon as the
Company is comfortable with the flow rate to maintain
the longevity of the well.
"From the onset, our strategic plan was to amass as
much acreage as possible around the Longton Anticline.
As of today, we control over 2000 acres in this area
with ample space for drilling," Mr. Sanford said. "This
exciting discovery well will advance the short term
revenue results and position the Company in a more rapid
growth rate."
About Allenergy
Allenergy, Inc. (OTC PK: 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.
Following this announcement, Allenergy, Inc. (OTC
PK:ALRY), was trading up over 40% in early trading. The
Market Gainer Research Team will continue to gauge the
short and long term affects that this announcement will
have on the company.
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