Quotes below are from one of the officials PR's. So we can take it as fact BUT...
Lots of alluding to phenomenal growth but whats the point of alluding to it if they are not going to publish the detail.
Management is making this a hard stock to hold for some unnecessarily.
WHY not release production numbers?????? And I don't believe that is because as others have insinuated that the numbers are bad. Unless the below statement with regard to hitting the short term goal of 4000 bpm was on a daily basis e.g. produced on several days the oil required to hit 4000 bpm.
Either way please release information that will allow current and potential investors to make informed decisions.
Ringing Larry is not an option. Info needs to be PR'ed in public domain.
Come on Larry, let the rest of us in on whats happening in the company that we have invested in.
"The Kelso lease has proven to be a very oil rich lease, producing out of the Redd Sand and Weiser zones. Allenergy has decided to step out and test more of the proven field. Intents have been filed with the State and we are next on the list for the drilling rig. Existing infrastructure will speed our ability to put the new wells online for production."
Allenergy is also pleased to announce that it has been able to meet its short-term goal of 4,000 barrels per month on several occasions even after the sale of the Creek County leases. "Being self-sufficient has made this goal obtainable; if we had to work with subcontractors each step would have a six to eight week delay," Mr. Sanford said.
Allenergy has gone above and beyond normal operations of oil and gas producers in this region due to national experiences brought in by our staff. The bad weather, such as the ground freezing condition, which we took advantage of has carried on our growth at a phenomenal rate during this season. Allenergy is very thankful to all of the drilling and down hole completion crews that have pushed through during the wet and freezing conditions.
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