Replies to post #7836 on Allenergy Inc. (ALRY)

[lowman]

Allenergy Acquires New Lease; Leases Now Total More Than 7,000 Acres and 150 Wells

Last update: 6/6/2007 10:00:00 AMCOFFEYVILLE, Kan., June 6, 2007 /PRNewswire-FirstCall via COMTEX/ --

Allenergy, Inc. (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, today announced that it has acquired the 160 acre East Ball lease located in Montgomery County, Kansas. The East Ball adjoins the 480 acre Ball lease which is one component of the 940 acre Project AE-4 in Chautauqua County, Kansas.

The East Ball has thirteen wells with eleven that are completely equipped and a tank battery facility. Each well has formations behind the casing that have not been tested. The Company strongly believes the Layton formation as found in the Dark Treasures Moore TM-1 free flowing dry gas well is present in some of the wells on the East Ball lease. Two of the eleven equipped wells are producing two BOPD with limited pumping. These oil bearing wells are in the same formation as some of the Ball wells that have been reworked with a considerable increase in oil production. "A conservative 8 to 10 BOPD from these two wells should be achieved after remedial work. We will immediately analyze the remaining wells to determine and prioritize the Layton formation," said Larry Sanford, President.

"The weather is currently cooperating which will enable crews to proceed. With the most recent acquisitions Allenergy's leaseholds now encompass more than 7,000 acres and 150 wells.

About Allenergy: Allenergy, Inc. (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 7,000 acres of leased land with over 150 oil and gas wells on its producing properties. For more information about the Company, please visit 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] Allenergy, Inc.
J.C. Friend of Allenergy, Inc., 1-877-277-8171, [e-mail]; or Paul Knopickof E&E Communications, [phone], [e-mail], forAllenergy, Inc.Copyright (C) 2007 PR Newswire. All rights reserved

[lowman]

Depends on what you mean by 'new'.