Energas: Kentucky Well #9 Hits Gas and Oil, Now Drilling #10.Energy Editors/Business Editors OKLAHOMA CITY--(BUSINESS WIRE)--March 18, 2004 Energas Resources Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EGSR EGSR Eurographics Symposium on Rendering EGSR Employer Support of the Guard and Reserve EGSR Engineer General Service Regiment ) is pleased to announce the successful completion of the 9th well in eastern Kentucky. Production from this well is estimated to be in the 5 to 8 barrel of oil per day range before stimulation. This well is also flowing at an estimated initial rate of 20 MCF MCF malignant catarrhal fever. of natural gas per day. The rig has moved and is currently drilling well #10. "Our engineer stated that every now and then you will hit a small pocket of oil in this area but it's rare," said Company President George Shaw George Shaw (December 10, 1751 - July 22, 1813) was an English botanist and zoologist. Shaw was born at Bierton, Buckinghamshire and was educated at Magdalen Hall, Oxford, receiving his M.A. in 1772. He took up the profession of medical practitioner. . "A typical oil well in this zone can potentially produce 15 to 20 barrels of oil per day after stimulation which would give the Company a good return on our money." Further announcements will be forthcoming. |
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