Allenergy Inc. Discovers Untapped Oil and Gas Field
24 September 2007 - 4:00PM
PR Newswire (US)
INDEPENDENCE, Kan., Sept. 24 /PRNewswire-FirstCall/ -- 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. Contacts: J.C. Friend at Allenergy,
Inc.: 877-277-8171. E&E Communications Paul Knopick, (949)
707-5365 DATASOURCE: Allenergy, Inc. CONTACT: J.C. Friend of
Allenergy, Inc., , or Allenergy, Inc., 1-877-277-8171; or Paul
Knopick of E&E Communications, +1-949-707-5365, , for
Allenergy, Inc. Web site: http://www.allenergyinc.com/
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