Looks like they're after oil and gas nuggetman. Is that the way you read it? These guys are really getting serious. Maybe the stock will get out of the rut once this company gets noticed.
Here's the Chautauqua county leases.
2,060 Acres:
~Ball Lease -- 480 Acres situated on the Longton Anticline with powerful geology that suggests multiple producing zones, several Arbuckle plays,coal bed methane existence, and multiple producing oil sands.
~Fields Lease -- 300 Acres in the middle of newly-discovered coal bedmethane fields, Allenergy was successful in securing this lease ahead ofseveral major independents who previously sought the property.
~Thorne Lease -- 160 Acres located 1.5 miles south east of the newly-discovered "Mississippi Lime," which came in at 235 thousand cubic feet of gas and 13 barrels of oil per day. The Thorne Lease includesseveral oil producing zones and coal bed methane.
Thorne Home Lease -- 160 Acres adjacent to the Thorne Lease, containingthe same geographical attributes and potential.
~Dark Treasures Lease -- 960 Acres contiguous to the Ball Lease,consisting of four leases, the Moore (160 acres), Clark (400 acres),Pendleton (240 acres) and Bayless (160 acres), with each lease held by onegas well, currently producing more than 80,000 cubic feet per day of natural gas.
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