X0303 4 2009-02-12 0 0000003982 Allis Chalmers Energy Inc. ALY 0001140824 HIDAYATALLAH MUNAWAR H 5075 WESTHEIMER, SUITE 890 HOUSTON TX 77056 1 1 0 0 Chairman and CEO Common Stock 2009-02-12 4 S 0 98316 2.6346 D 667220 I By Hidayatallah Family Trust Common Stock 2009-02-13 4 S 0 100000 2.67 D 567220 I By Hidayatallah Family Trust Common Stock 8000 I By Munawar Hidayatallah SEP IRA The Reporting Person is selling these shares to meet margin calls and has received a hardship exemption for the sale of these shares under the Issuer's Insider Trading Policy. Represents the average price of the Reporting Person's disposition of 98,316 shares in 33 separate transactions ranging from $2.60 to $2.68 per share. The Issuer undertakes to provide upon request by the SEC staff, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price. The Reporting Person sold these shares in a private transaction to Associated Petroleum Investors Ltd., a company controlled by Alejandro Bulgheroni, a director of the Issuer, in order to satisfy a margin call. The Reporting Person has received a hardship exemption for the sale of these shares under the Issuer's Insider Trading Policy. /s/ Theodore F. Pound III through POA 2009-02-17