Allenergy Inc. Discovers Untapped Oil
and Gas Field
INDEPENDENCE, Kan., Sept 24, 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
major, important results were obtained by the
perforation and acid stimulation of the Redd sand G-4-15
well on the Ball Lease which is one component of the
Allenergy Project Four located in Chautauqua County,
Kansas. During the acid procedure the presence of oil
and gas was encountered and after this process the well
was immediately on vacuum and was shut in.
Rex Horning Well Service, which is owned by
Allenergy, moved on location with Rig #1 and ran in
tubing, rods and downhole production pump. The crew long
stroked the G-4-15 and the first recovery fluid had a
60% oil cut with 40% KCL water with an enormous amount
of gas. With each stroke the oil cut increased until a
100% oil cut was accomplished.
After a 24 hour shut in test, the casing recorded 160
psi. Allenergy consultant Luther Park said that "given
the results of the low 1500 pound break down of the
formation coupled with the 160 psi shut in value, it is
of my opinion that Allenergy has discovered an untapped
oil and gas field on the Longton Anticline, not only in
the Redd sand but in the Weiser formation as well."
Allenergy moved in test equipment before the frac job
to analyze the ex tint of the gas drive and to determine
the size of the frac needed to maximize its efforts. The
well tested above expectations, with attempted flow
action and 100% oil returns. The recovered oil measured
an excellent 38 gravity to provide a higher price per
barrel. Now Allenergy can proceed with a designed frac
to completely open up this powerful Redd sand discovery.
Consolidated Well Service will conduct this job during
this week.
Allenergy is currently preparing an AFE to drill a
well 660' east of the G-4-15 to further expand this
field and to define the perimeters. "We should be able
to drill five more wells and realize these same
results," said Larry Sanford, President. "In the
meantime, our crews will lay the flow line and install
electric through this rugged terrain so we can report,
in a fashionable time frame to our shareholders, of the
expected revenue enhancing results."
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 7,000 acres of leased land
with more than 150 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.
URL: http://www.allenergyinc.com
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