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Eight Wells Now Pumping on Allenergy's
Ball Lease Property in Kansas
COFFEYVILLE, Kan., Dec 05, 2006 /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 equipped and put on pump eight of the 26 existing
wells on its Ball Lease property, part of the Company's
960-acre AE Project Four. Allenergy plans to have two
additional wells pumping before the end of 2006, weather
permitting.
"Six of the eight wells are in the de-watering process,
which should take about 30 days before the bulk of the
natural gas in the formation will become marketable,"
said Company President Larry Sanford. "The remaining two
wells have flushed 700 barrels of oil before each one
settled down to five barrels of oil per day, along with
40,000 cubic feet per day of natural gas," he added.
"The Ball Leasehold was producing about 160,000 cubic
feet per day of gas from three wells before it was shut
in about 15 years ago due to unfavorable gas prices,"
Sanford stated. "After additional selected wells are put
on pump, the Company believes that the Ball Lease has
the potential to produce 15 barrels of oil per day, and
250,000 cubic feet per day of gas."
As previously announced by Allenergy, the Ball Lease
property is adjoined to the south by the Dark Treasures
Lease, containing 960 acres. The Company is currently
conducting due diligence on potentially acquiring Dark
Treasures, which would strengthen and consolidate
Allenergy's existing properties and holdings in
Chautauqua County, Southeastern Kansas.
For more information about the Company, please visit
http://www.allenergyinc.com
Allenergy, Inc.: 877-277-8171
Contacts:E&E Communications Paul Knopick, (949) 707-5365
pknopick@eandecommunications.com
SOURCE Allenergy, Inc.
CONTACT: Allenergy, Inc., +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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