Wednesday, April 18, 2007 10:14:02 AM
COFFEYVILLE, Kan., April 18, 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 a consulting agreement with Luther A. Park Jr., who has studied in depth the specific areas where Allenergy is completing wells, specifically Dark Treasures, Ball and the upcoming Bayless "B" properties for 28 years.
"Mr. Park's unprecedented knowledge will surely aid the Company to expedite our planned blitz of completing more wells to complement our recent Moore TM-1 discovery," said Allenergy President Larry Sanford.
"Our Moore TM-1 well is still maintaining the initial pressures, which gives us great confidence in its potential. While we have been experiencing difficulties with the Marketer's gas compressor being down periodically, we have been selling product since last Thursday. It is impossible, however, for us to establish flow rates with these interruptions. In the interim, along with Mr. Park, we are compiling a minute examination of the next wells for completion," Mr. Sanford said.
Allenergy has made a number of announcements of its intent to procure acreage in Montgomery and Chautauqua Counties, Kansas, and that has been successful. "It is now time for the Company to expand holdings beyond this area," Mr. Sanford said.
In the last few weeks Allenergy has targeted Labette, Cowley, Woodson and Elk Counties in Kansas. "We are extremely fortunate to have qualified contacts in these counties because of our work habits and the value that is inherent in our Company," Mr. Sanford said.
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 5,500 acres of leased land with over 100 oil and gas wells on its producing properties.
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