"This system replaced the conventional lifting process and has led to a tripling of our oil production per day," said Company President Larry Sanford. "Our Smith Well was drilled and completed in the Arbuckle Formation that is typically known to encounter a high saltwater-to-oil ratio. The PC Pump(TM) has moved a much greater amount of fluid to increase the oil volume."
"We had targeted an initial increase in oil production of 60 percent," Mr. Sanford continued, "but the current figures are clearly due to the rapid depletion of water production."
As previously announced by Allenergy, the Smith Well forms part of the Company's Smith Lease property, containing 480 acres along with the Ferguson Properties. The PC Pump(TM) technology continues to strengthen Allenergy's existing properties and holdings in Montgomery County, Southeastern Kansas.
For more information about the Company, please visit http://www.allenergy.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.
Allenergy, Inc.: 877-277-8171.
Contacts: J.C. Friend at jcallenergy@aol.com
E&E Communications Paul Knopick, (949) 707-5365
pknopick@eandecommunications.com
