This excerpt taken from the ALY 8-K filed Jun 2, 2009.
BENEFICIAL OWNER ELECTION FORM
The undersigned acknowledge(s) receipt of your letter and the materials referred to therein relating to the issuance by Allis-Chalmers Energy Inc. (the Company) of non-transferable warrants (the Warrants) entitling stockholders of record as of 5:00 p.m., New York City time, on June 1, 2009 to subscribe for an aggregate of 35,683,688 shares of the Companys common stock, par value $0.01 per share (Common Stock), on the terms and subject to the conditions described in the Companys prospectus supplement, dated June 2, 2009 (the Prospectus Supplement).
This will instruct you whether to exercise Warrants entitling the undersigned to purchase shares of Common Stock distributed with respect to the Common Stock held by you for the account of the undersigned, pursuant to the terms and subject to the conditions set forth in the Prospectus Supplement.
Box 1. o Please DO NOT EXERCISE WARRANTS or purchase shares of Common Stock.
Box 2. o Please EXERCISE WARRANTS and purchase shares of Common Stock as set forth below.