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AllEnergy Strikes Oil on Its First Well on Its Belize Concession
AllEnergy Corporation (OTCQB: AFSE) (OTCBB: AFSE) (www.allenergyco.com), a growth-oriented international energy company, announced today that it struck oil on its first well on the Princess Concession in Belize. The first well is expected to be completed and put into production following review by the Belize Regulatory Officials. It is estimated to contain up to 6 million barrels of recoverable oil. The reservoir was determined in size by Satellite Image and Chem-Tool. Pay zone depth was determined from actual drilling and mud logging. Porosity and saturation were gauged visually by outside consultants using statistical modeling with low side parameters, predicting a reservoir of 6 million barrels. This figure could grow depending on the trending of the reservoir.
Dean Sukowatey, President and CEO of AllEnergy Corporation, stated, "We are extremely pleased with our interests in this concession. AllEnergy purchased a non-dilutive four percent interest in a Belize corporation that owns half of the concession. The amount of potential here is tremendous. We look forward to developing the Belize concession."
About AllEnergy Corporation
AllEnergy, an international energy company, is engaged in the acquisition, development and production of oil and natural gas. AllEnergy acquires and develops oil and gas leases which have "proven but undeveloped reserves" at the time of acquisition. These properties are not strategic to large exploration-oriented oil and gas companies. This strategy allows AllEnergy to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration.
The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.
Contact:
Dean Sukowatey
AllEnergy Corporation
515-331-6509
Dean@allenergyco.com
6165 NW 86th Street
Johnston, IA 50131
Thanks BB, appreciate it
Edit: Nevermind...just got rejected
Kicking my self too but made a little so onward and upward I guess ;) Those recent pumps have been short lived but this one was confirmed as APS so it probably has some good life to it. Oh well...
af_se 1.94 x 1.95
Sold most at .46, just a fun one, not holding overnight
same at .37 and .38, g/l
VNDM not showing his hand, lame
Looks very strong, almost everything on the ask
me either, annoying
af_se 1.80 x 1.84 now
Maybe we stop here at .12, r/s tends to scare people but I think Brother may be right and we uplist soon after. We shall see
.15 available
ditto, hoping those bids return
Yeah, what I saw was 5 mm totaling about 5.5 mill on the bid
Same, got in at .003 on the size of those bids. We'll see...
CRT_CF weird action, grabbed a few (.003) on big bids
Got a few, holding to see where it goes. Mine at a significantly higher pps than where you bought so gonna test the waters a bit.
af_se 1.65 x 1.70
good bid...
yeah it sure does. Im still holding to see if those filings do start up, we'll see
PE_PR big bid showed up again...watching
apparently they r doing two sets of emails. One at 6:40 and the other after the bell. Their way of making a multi day runner, lol. Essentially the second email sounds like their exit strategy to me
fwiw HP_CS not the pick. Got out with most of my skin on that one. Exactly why I rarely do those types of plays. Time to go find and buy some more quiet ones ;) (the pick was BF_LX up 200% already lol)
very...could be a nice gainer if its announced tomorrow.
yeah, rumored best damn penny pick...just put a little in, not holding my breath
grabbed some as well, looks good.
Nice bid today
Bid going nuts
Hope so, we really need a couple green days here
I really hope that is right but not holding my breath, heard it many times here... But when this does go, it tends to move very fast.
HDSN absorbing all the sells today
Made for a nice close
Yessir, looking fairly strong. Could be the beginning of a nice move here
kinda seems that way...
AFSE News Out
AllEnergy Corporation (OTCQB: AFSE) (PINKSHEETS: AFSE) (www.allenergyco.com), a growth-oriented international energy company, today reported signing a contract for an interest in a 2 million acre Belize oil and gas concession. AllEnergy purchased a non-dilutive four percent interest in a Belize corporation that owns half of the concession with an option to acquire an additional six percent by March 12th, 2012. Additionally the contract also calls for an option to purchase up to fifteen percent of an additional concession consisting of another 1 million acres.
Dean Sukowatey, President and CEO of AllEnergy Corporation, stated, "We are extremely pleased to have completed the acquisition of this interest in Belize and to have the option to acquire an additional interest in 1 million acres. The amount of potential here is tremendous and we look forward to developing this prospect along with our partners in Belize."
About AllEnergy Corporation
AllEnergy, an international energy company, is engaged in the acquisition, development and production of oil and natural gas. AllEnergy acquires and develops oil and gas leases which have "proven but undeveloped reserves" at the time of acquisition. These properties are not strategic to large exploration-oriented oil and gas companies. This strategy allows AllEnergy to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration.
The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.
Contact:
Dean Sukowatey
AllEnergy Corporation
515-331-6509
Dean@allenergyco.com
6165 NW 86th Street
Johnston, IA 50131
Nice news today
.035s available
Huge .014 bid now