posted
ALRY, starting to sell gas this week from super high pressure virgin well $$$$$$$ and that's just one of many wells they have !!! oil and gas !!! and they own a well service company with mega equipment....
Poll Information
This poll contains 1 question(s). 0 user(s) have voted. You may not view the results of this poll without voting.
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, is pleased to announce significant, unexpected results of the perforation job on the Dark Treasures Moore TM-1 well located in Chautauqua County, Kansas.
As previously announced, the Company's plans were to perforate the Layton formation and follow with a spot acid job to stimulate the formation. Allenergy shot the Layton at the exact footage that was planned and the procedure was normal, except for one thing, gas came to the surface. For safety reasons, the Company had a 4" x 2" swage, a valve and a 160# gauge on hand to quickly contain the well. After the containment, the 160# gauge was at its maximum.
"This is a huge occurrence," said Larry Sanford, Allenergy President. "We have a virgin pressure, free flowing gas well. We should be selling gas as early as today, after everything is properly installed, including a back pressure valve that will hold back 100PSI on the formation to prevent the migration of water in the casing. Production numbers will follow as soon as the Company is comfortable with the flow rate to maintain the longevity of the well.
"From the onset, our strategic plan was to amass as much acreage as possible around the Longton Anticline. As of today, we control over 2000 acres in this area with ample space for drilling," Mr. Sanford said. "This exciting discovery well will advance the short term revenue results and position the Company in a more rapid growth rate."
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 5,500 acres of leased land with over 100 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
Posts: 178 | From: Earth | Registered: Jan 2007
| IP: Logged |
Allenergy Updates on Rex Horning Well Service; Significant Progress Cited Tuesday April 24, 10:00 am ET
COFFEYVILLE, Kan., April 24 /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 updated investors on its recent Rex Horning Well Service (RHWS) acquisition. ADVERTISEMENT
"The day after Allenergy announced the acquisition of Rex Horning Well Service, we were invoicing one of the 18 clients that Rex brought on board. This merger has a discriminating business plan with our shareholders' interest in mind to not only capture revenues in the service industry but to maximize the increase in oil and gas revenues," said Larry Sanford, President. He cited as examples:
#1 A well on our Pendleton Lease stopped pumping. Rex moved a workover rig to the well site, pulled the pump, repaired the pump, ran rods and pump back in, then put the well back to pumping. In six hours we're selling gas, not weeks, and not bothering our busy production staff.
#2 We rigged down and moved the workover rig to a client's well and began service work. The end result is both gas revenues and service revenues.
The Company will keep the name Rex Horning Well Service because of the trust and expertise that Rex has displayed with his clients. "This gives us two reputable resumes in the oil and gas and the service industries," Mr. Sanford said.
"Our service department has a back log of 45 wells to service plus Allenergy's needs. By the end of April RHWS will be fully staffed with two workover units in operation with the third in operation soon," Mr. Sanford continued. "A bio on Mr. Horning will appear Allenergy's website shortly."
Posts: 869 | From: Az | Registered: Sep 2006
| IP: Logged |
Allenergy Says One Million Recoverable Barrels of Oil Realistic Assessment
Last Update: 10:00 AM ET May 2, 2007
COFFEYVILLE, Kan., May 2, 2007 /PRNewswire-FirstCall via COMTEX/ -- Allenergy, Inc. (ALRY : allenergy inc com News , chart , profile , more Last: 0.12+0.02+15.00% 10:48am 05/02/2007 Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by: ALRY0.12, +0.02, +15.0% ) , 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, is pleased to disclose to investors a geology report that was obtained before the purchase of the AE-4 Project on April 19, 2006. We held this report close to Company management until we had ample time to procure surrounding acreage around the Moore Lease. The report describes four producing formations on and adjacent to the Ball and to the Dark Treasures properties that was purchased January 24, 2007. The Redd sand occurring about 600' ranges from 5' to 50' thick and is the known oil producer on this lease. The Redd sand is a longer-lasting producer than the Weiser, producing less water and more gas. The Redd sand is a point-bar type deposit and the oil usually lies in pools or pods as opposed to shoestring-type deposits. As the wells are drilled to the west and rising up on the hill (Ball Lease) more and more gas will be encountered. The Redd sand is mostly a gas driven sand and the Weiser is water driven and contains less amount of gas. The Redd sand should yield 30 BOPD and the Weiser sand around 25 BOPD. It is not unrealistic to anticipate producing 200 mfcpd. The Mississippi occurring around 1600' is a limestone with the top 10', a weathered, porus chert, called "chat". This chat is the gas-bearing zone and long-lasting zone produced naturally or treated lightly with acid. A gas well in the Mississippi about 2000' west of the Moore open-flow tested 6 mmcf with a shut-in pressure of 721 PSI. Arbuckle Dol which occurs around 1850' to 1900' is a dolomite that contains thin lenses of excellent porosity and permeability in the form of vugs or cavities in the top 10' often filled with oil and gas. A well 1320' west of the Moore property encountered oil and 3.65 mmcfpd (4-point tested). It is believed that more oil lies structurally down off this gas and to the east (Moore Lease). Arbuckle oil is the most pursued as it lies in pools that are constantly being recharged and long-lasting. Taking all these facts into consideration of the four producing zones, one million recoverable barrels of oil is quite realistic. The shallow depth of the oil production plus the large barrel per acre foot coupled with the factual gas production in the area makes the Moore and surrounding area a very compelling project. The surrounding area mentioned by the geologist consists of the Company's 480-acre AE-4, the 960 acre Dark Treasures and the pending 600 acre Bayless "B" properties. The geologist didn't research the Layton formation. On April 11th, the Company perforated the Moore TM-1 and discovered a free flowing dry virgin pressure gas well that is maintaining 105 PSI. On Monday Allenergy lowered the pressure from 110 PSI to 105 PSI and gained an additional 10,000 cubic ft. "The Company will slowly let back pressure off in stages to let the well tell us its potential. Every indication is upward and could be unprecedented at this well depth. We have analyzed the logs of three wells on the Ball Lease that have identical readings as the TM-1 except they are structurally higher, which is very encouraging." "We are just beginning to reap benefits of this year long plan and all indications point to very exciting plateaus for our shareholders and the Company," Mr. Sanford concluded.
Posts: 195 | Registered: Oct 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
