Allenergy, Inc. Announces New Drilling Program in Kansas
18 Septembre 2008 - 4:43PM
PR Newswire (US)
INDEPENDENCE, Kan., Sept. 18 /PRNewswire-FirstCall/ -- Allenergy,
Inc. (Pink Sheets: ALRY), an independent oil and gas producer
focused on Southeastern Kansas, today announced it has submitted a
NOI and has been approved to drill the Bane 1-A well on the Bane
lease located in Chautauqua County, Kansas. This lease was acquired
as part of Allenergy's growth plan to drill wells with deeper
formations with greater bottom hole pressure. The Company is
confident this 160 acres will improve its BOPD (barrels of oil per
day) to keep in line with Allenergy's growth program. The Bane 1-A
will be drilled to the Wayside formation at approximately the depth
of 1500'. Drilling pits are being prepared for the mud rig to move
in and commence drilling next week. Simultaneously, an air rig will
be moved to the Ball lease to drill the G4-20 also located in
Chautaugua County. The objective of this well is to determine the
extension of the Redd formation as found in previous wells drilled
on the Longton Anticline. "The production on the drilled wells is
still inconsistent in numbers and certainly not to our
expectations. The last two months of weather has not allowed access
for long enough periods of time for Allenergy to accomplish the
necessary adjustments and to install the proper equipment to
stabilize the oil and gas numbers. The G4-20 well is in close
proximity to the existing flow lines to enable crews to put this
well in production," Mr. Sanford said. "We are very excited to be
able to drill these two wells at nearly the same time to make up
for lost time and to maintain our growth program," Allenergy's CEO
said. About Allenergy: Allenergy, Inc. (Pink Sheets: ALRY) is an
independent energy company strategically focused on Southeastern
Kansas where it currently holds more than 2,700 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: Larry Sanford Allenergy, Inc.:
620/331-9992 E&E Communications Paul Knopick, (949) 707-5365
DATASOURCE: Allenergy, Inc. CONTACT: Larry Sanford of Allenergy,
Inc., +1-620-331-9992, ; or Paul Knopick of E&E Communications,
+1-949-707-5365, , for Allenergy, Inc. Web site:
http://www.allenergyinc.com/
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