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Tuesday, July 31, 2007 7:52:05 PM
During the last four days of June, the Company managed to put four wells, two oil and two gas, into operation. The two gas wells, still in the de- watering stages, will at the present rate provide an additional 2 million cubic feet of natural gas in July. This number will increase significantly as the de-watering stage progresses. The oil wells are hitting at the top of the stroke (de-watering stage) and beginning to have a good show of oil but not in measurable amounts at this time. The remaining 15 wells will resume as soon as conditions allow. The geology is evident and will produce for the Company a banner month of record production figures.
Four days, four wells, looking forward to July's production numbers, and then August's. Throw in a hurricane or two, bought up float in strong hands, a twenty cent per share ALRY is a no brainer, more likely much higher than twenty, maybe 30 or forty cents.
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