SANTA ANA, Calif., Feb. 18, 2005 (PRIMEZONE) -- Allenergy Incorporated (Pink Sheets:ALRY) today announced the loss of its CEO and President, Rodger W. Garrity.
The 71-year old founder and Chief Executive Officer of Allenergy passed away at his home in Santa Ana, California, on Tuesday, February 15th. Mr. Garrity was in the process of retirement from active company participation due to failing health.
Rodger Garrity is survived by his wife, Frankie M. Garrity, who is also acting Secretary/Treasurer of Allenergy Incorporated. Mrs. Garrity will continue on in this position for the foreseeable future.
Allenergy Incorporated today also announced Larry L. Sanford -- presently Vice President of Field Operations -- will now serve as company President. To date, Mr. Sanford has played a key role in restructuring both the company's day-to-day field operations and aggressive acquisition program. He has 20 years' experience in all aspects of the oil industry and has successfully completed more than 600 wells throughout Oklahoma and Kansas. Since joining the company April 1, 2004, Mr. Sanford and his primary field crew have been putting investor wells into production and increasing rate of production on existing company leases -- with notable success -- especially within the last 90 days. Mr. Sanford also serves on the Board of Directors of Allenergy Inc.
Allenergy also today announced the hiring of Certified Public Accountant, Tim A. Johnston. He is a graduate of Oklahoma State University (1973) and has a wide range of experience and expertise in the Oil and Gas industry -- in both field work and specialized accounting and taxation. Mr. Johnston has worked with numerous Oil and Gas purchasers regarding price contracts and division orders, and has extensive experience in overall management of small to large corporations. He worked with prestigious Deloitte Touche (formerly Touche Ross) for seven years and has been President/Founder of Financial Services of Tulsa, Incorporated from 1988 to the present. Mr. Johnston will provide specialized Oil and Gas accounting and management services for Allenergy Incorporated and will be headquartered in Tulsa, Oklahoma. In every respect and at every level, Allenergy - both as a company and on an individual basis -- has resolved to continue the vision, dedication and course established by Rodger W. Garrity. The Oil and Gas industry mourns his passing as well.
For information write: Allenergy Inc.,1820 East Garry Avenue, Suite 111, Santa Ana, CA 92705, phone 949-955-1411. E-mail: info@allenergy-online.com or visit www.allenergy-online.com.