LONDON, May 21, 2010 (GLOBE NEWSWIRE) -- Alamo Energy Corp. (OTCBB:ALME) is pleased to announce that it has entered into a well re-entry program with Allied Energy Inc. on its Valentine #1 re-entry well, Ritchie County, West Virginia.
The Valentine #1 well, which is located on approximately 115 acres was originally drilled to approximately 5000 feet in 1981 and produced from the Devonian Shale. The well did not target shallower zones known to be oil bearing.
The re-entry program plans to complete these shallower zones which are believed to contain approximately 140 ft of oil bearing sands. Based on analogue wells in the area, we believe anticipated cumulative production from the recompleted well may be 20,000 barrels of oil.
Allan Millmaker, Alamo's Chief Executive Officer said, "This is another low-risk project to add to Alamo's growing portfolio of quality opportunities which we believe will prove up reserves in the area. We look forward to working with Allied Energy who has a proven track record in West Virginia."
About Alamo Energy Corp.
Headquartered in London, England, and with operational offices in Houston, Texas, Alamo Energy Corp. (OTCBB:ALME) is an independent company focused on the exploration, development and production of onshore oil and gas reserves in the United Kingdom and United States. The company's UK exploration program is focused on four blocks spread over 400 square kilometers in an onshore oil and gas province in South East England. Alamo's U.S. operations are focused on the development of key assets in Texas and a 5 well drilling program in Kentucky. For more information visit www.alamoenergycorp.com
Forward-looking Statements:
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