Allenergy To Post Financial Results
Click the links below to view
documents (PDF)
December
31, 2004 & 2005
Balance Sheet - December 31, 2006
Income Statement - December 31, 2006
Balance Sheet - April 30, 2007
Income Statement - April 30, 2007
COFFEYVILLE, Kan., May 14, 2007 /PRNewswire-FirstCall/
-- 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, said today it will
disclose financial statements for the entire year 2006
and through April 2007 on May 15th at
www.allenergyinc.com . This can be viewed at the
shareholders’ update. “Although Allenergy is not
required to release financial statements to the public,
we intend to make the Company as transparent as possible
so our shareholders can be confident in charting our
growth,” said Larry Sanford, President.
“Southeastern Kansas experienced extremely severe
weather in December 2006 and January 2007 resulting in a
disappointing variance of oil and gas production,” Mr.
Sanford said. “The fourth quarter of 2006 was the first
unprofitable quarter since the second quarter of 2005.
The weather problems continued with the arrival of
Spring and record rainfall. Allenergy has only recently
returned to producing and we have increased our
production numbers substantially, allowing the Company
to return to profitability.”
“The financials that will be posted do not reflect
the enormous production numbers that will be realized
from the latest acquisitions of the Dark Treasures,
Bayless “B” and Rex Horning Well Service,” Mr. Sanford
said. “The U.S. Securities and Exchange Commission does
not allow a company to book proved oil and gas reserves,
however, it can footnote these reserves. Allenergy has
proved values from desorption laboratory tests of coal
bed methane in excess of a half billion cubic feet. We
are well positioned to have a banner year for the
shareholders and our Company.”
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.
