Allenergy Inc. (ALRY)

[Jagman]

kelseyf...could you guide me to the audited financials that prove the 300% year to year?? Did they go from $100 to ???? in revenues?? What increase in operating costs??? 300% increase in revenue doesn't mean much if their costs went up 500% for example.

Where's the revenue in the PR????


Allenergy Announces Over 300% Revenue Growth in First Seven Months of 2007
INDEPENDENCE, Kan., Aug. 21 /PRNewswire-FirstCall/ -- Allenergy, Inc. (OTC: ALRY - News), 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, today announced more than 300% growth in year over year revenues for the first seven months of 2007.

The increase in revenues has been driven by greater production, higher oil prices, and the acquisition of Rex Horning Well Services. Allenergy expects an even greater exponential growth in revenues in the future.

The massive flooding in Kansas prevented most of the oil and gas production in the first 2 weeks of July and, still, Allenergy was able to produce the equivalent of approximately 1500 barrels. Because of the higher prices of oil July's revenues were higher than any other July in Company history.

Additionally, Allenergy has just put on 9 new wells on the recently acquired Bayless B lease and 8 new wells on the East Ball lease.

The Company has plans to perforate the Redd Sand Formation on one well that is located on the Ball Lease, which is one component of Allenergy's Project Four located in Chautauqua County, Kansas. A geologist has told the Company this is the most attractive play in this area. The well is located on the top of the Longton Anticline. The logs calculate 40 feet of sand which could be the Company's biggest producer and open up a new unproduced field. Extensive road work has been completed and the perforation process is scheduled for August 28th.

Larry Sanford CEO of Allenergy said that 'it appears that August will be our biggest month yet, as we have been afforded good weather and are busy putting on additional production. We look forward to sharing other significant developments with our shareholders.'

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.

Allenergy, Inc.: 877-277-8171

Contacts: J.C. Friend at [e-mail]

E&E Communications Paul Knopick, [phone]
[e-mail]

SOURCE Allenergy, Inc.



Source: PR Newswire (August 21, 2007 - 9:00 AM EST)

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