Allenergy Announces May Production
COFFEYVILLE, Kan., May 31, 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, is pleased to announce
that the Company produced 1,015 barrels of oil and 3.5
million cubic feet of natural gas in the first 30 days
of May 2007.
The production numbers do not reflect the Company's
prolific Bayless "B" sector or approximately 75% of the
scheduled results of the Dark Treasures property.
The gas to oil ratio of $50 per barrel of oil equates
to 490 barrels of oil, resulting in a total of 1,505
barrels of oil for the month of May. This production for
the month eclipses the average numbers of production in
2006 even with the hindrance of abnormal rainfall.
"The rain is still a significant problem. We are
re-working wells but not at the pace we are accustomed
to," said Larry Sanford, President. "Allenergy has
prioritized, in advance of the upcoming dry season, to
maximize our efforts which will provide the previously
announced, realistic production objectives that our
Company is destined to achieve."
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.
Source: Allenergy, Inc.
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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