INDEPENDENCE, Kan.,
The Kelso lease has six completely equipped wells, disposal well with pump
and a complete tank battery. This lease is currently producing 3 BOPD from two
of the six wells.
Most of this acreage is located on the Longton Anticline and has NEVER been drilled due to rock bluffs preventing access to the top of the Anticline and also the landowner would not allow right of way from the top coming from the west. The landowner that owns this land is Allenergy's Ball lease and Allenergy will have the right of way to drill this untouched acreage. This acquisition was purchased from revenue.
The 97 acres in Chautauqua County purchase is an extension of Allenergy's West Thorne. Allenergy needed this addition to continue our acquisitions of attractive geology leases for which larger companies are desirous. This acquisition was purchased from revenue.
Allenergy's G-4-17 new well has been completed in the Mulky formation as scheduled. It is maintaining 90 PSI on the casing with the 4 1/2 casing full of water which is incredible as it has not been pumped. The entire Ball lease is shut in because the original tank battery can no longer manage the tremendous fluid and gas flow generated from the G-4-15 and the rework of other original wells. A new gas separator and gun barrel have been installed and large enough to remedy the current problem and to handle the production for several wells that will be drilled. The lease will be back in operation by Thursday and the transports have been ordered to pick up the oil.
The original natural gas measuring device on the Ball lease was the charted type that was less than adequate in measuring the mcf to determine the compensation to the company. A sophisticated digital measuring device called Totalflow has been installed and records the precise mcf per day.
'We are extremely excited to be able to produce this Mulky well because of
the preliminary indications show this formation to be of virgin quality,' said
About Allenergy: Allenergy, Inc. (OTC: 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 more than 150 oil and gas wells on its producing properties.
For more information about the Company, please visit http://www.allenergyinc.com
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.
Contacts: J.C. Friend at jcallenergy@aol.com
Allenergy, Inc.: 877-277-8171.
E&E Communications Paul Knopick, (949) 707-5365
pknopick@eandecommunications.com
SOURCE Allenergy, Inc.