Allenergy, Inc. Announces Drilling Two New Wells in Southeastern Kansas
09 Octubre 2008 - 9:06AM
PR Newswire (US)
INDEPENDENCE, Kan., Oct. 9 /PRNewswire-FirstCall/ -- Allenergy,
Inc. (Pink Sheets: ALRY), an independent oil and gas producer
focused on Southeastern Kansas, today announced that the Company
has drilled two new wells, completing one and completing a
previously drilled well within the last nine days. Allenergy's
G4-20 was drilled to the Redd sand formation located on the Longton
Anticline in Chautauqua County, Kansas. The G4-20 logged 24' of
high porosity Redd sand which is 10' of more pay sand present than
in any other well drilled on the Anticline. This zone showed an
average of 27% porosity throughout the 24' of pay zone. A typical
sand frac will generally yield approximately 30%. With the natural
porosity being high, Allenergy elected to do an acid ball drop
under pressure and not to frac at this time. The results of the
acid job was greater than expected as the well was pumping oil, gas
and water to the tank battery late Wednesday, October 8. The
decision was made to run casing and cement the Roper-Kelso well
that was drilled this summer. Expecting less volume from the
marginal pay zone, the Company "slim holed" the well, which is far
less expensive than the 41/2' completion method. Again Allenergy
opted to do an acid job and put the well on pump. After running the
production string, the Company long stroked the well with its
pulling unit recovering the acid fluid. Oil and gas was immediately
present. The well will be put on pump by this Friday, October 10,
and will be pumping oil for the Company's 100% working interest in
the Kelso lease located in Montgomery County, Kansas. Allenergy
drilled the Bane #1-A well located in Chautauqua County, Kansas
last week. Its primary objective was to drill to the Wayside
formation. After logging the Wayside, it was determined that it was
not developed enough to set pipe and complete. However, Allenergy
did set pipe in the Big Salt formation to complete a much needed
salt water disposal well. "The Company is currently designing a
water flood program for the secondary recovery of the Wayside
formation and gathering the geology to determine the next drilling
site," said Larry Sanford, CEO. About Allenergy: Allenergy, Inc.
(Pink Sheets: ALRY - News) is an independent energy company
strategically focused on Southeastern Kansas where it currently
holds more than 2,700 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:
Larry Sanford Allenergy, Inc.: 620/331-9992 E&E Communications
Paul Knopick, (949) 707-5365 DATASOURCE: Allenergy, Inc. CONTACT:
Larry Sanford of Allenergy, Inc., +1-620-331-9992, ; or Paul
Knopick of E&E Communications, +1-949-707-5365, , for
Allenergy, Inc. Web site: http://www.allenergyinc.com/
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