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Allenergy, Inc. Announces Record Kansas Crude Oil Prices; Recent Sales at $134.50/Barrel.

Posted on: Thursday, 10 July 2008, 09:01 CDT

INDEPENDENCE, Kan., July 10 /PRNewswire-FirstCall/ -- Allenergy, Inc. (Pink Sheets: ALRY), an independent oil and gas producer focused on Southeastern Kansas, today announced oil sales for the second quarter averaging $113/barrel.

This is an increase of $59/barrel from the second quarter of 2007. Sales per barrel of Kansas Crude have steadily increased with the international price of oil with the most recent sale being $134.50/barrel.

"We are very fortunate to be in the middle of the largest wave of oil price increases in history," said Larry Sanford, CEO and President of Allenergy. "With many of our costs being fixed, we are able to achieve a greater profit margin with these recent increases. This will translate into more wells drilled and a direct increase in shareholder value," he continued. "With our new Bane Lease coming on line, we are poised for major growth in both barrels produced and revenue generated," Mr. Sanford concluded.

About Allenergy: Allenergy, Inc. (Pink Sheets: ALRY - News) is an independent energy company strategically focused on Southeastern Kansas where it currently holds approximately 4,740 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 Lsanford2@aol.com Allenergy, Inc.: 620/331-9992 E&E Communications Paul Knopick, (949) 707-5365 pknopick@eandecommunications.com

Allenergy, Inc.

CONTACT: Larry Sanford of Allenergy, Inc., +1-620-331-9992,Lsanford2@aol.com; or Paul Knopick of E&E Communications, +1-949-707-5365,pknopick@eandecommunications.com, for Allenergy, Inc.

Web site: http://www.allenergyinc.com/

Source: PRNewswire-FirstCall

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