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

http://www.prnewswire.com

www.prnewswire.com

Copyright (C) 2007 PR Newswire. All rights reserved


Home | Company Management | Company Profile | Executive Summary | Stock Quote | Shareholder Email
Shareholder UpdateProperties | Shareholder Login | Contact Us | Email
©
SunLand Web Design 2005 - 2007
Webmaster