Allenergy
Completes Acquisition of Rex Horning Well Services, LLC,
Adding $500,000 in Annual Revenues
COFFEYVILLE, Kan., April 9, 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, announced today that it
has finalized the acquisition of Rex Horning Well
Services, LLC (RHWS) of Independence, Kansas.
RHWS is an energy services firm operating in
Southeastern Kansas and Northeastern Oklahoma. Several
of Allenergy's existing oil and gas properties and
holdings are also in Montgomery County, Southeastern
Kansas.
"This is a tremendous achievement for both Rex
Horning and Allenergy," ALRY President Larry Sanford
stated. "The timing of the acquisition is ideal, because
of our aggressive schedule to put numerous wells into
production on the newly purchased Dark Treasures
properties."
"This milestone will inject $500,000 in additional
annual income to Allenergy's existing revenue base,"
said Mr. Sanford. "ALRY will now have two more pulling
units ready to dispatch, and a third unit which is
nearly completed. RHWS brings a client list of 18
companies, enabling Allenergy to generate immediate
income, and also fulfill our internal service needs," he
said.
"We also gain three additional, experienced employees
with this acquisition," Mr. Sanford said. "It is
important to own the equipment, and it is a must to have
this additional experience for maximum productivity and
safety," he concluded.
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: +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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