Energas: Wyoming Zones Deeper than Expected.

OKLAHOMA CITY, Okla. -- Energas Resources, Inc. (OTCBB:EGSR) today announces that the Eagle Ridge well in Wyoming has been drilled to its target depth of 7500 feet. Sixteen zones were expected to be present in this hole, however only six zones were reached which were non-producing. The drilling engineer encountered an uncommonly thick "tertiary" formation which rests above the producing zones. As a result, the target zones appeared deeper than anticipated. The thickness of this tertiary also more than likely influenced the seismic interpretations and data previously gathered to make the zones appear more shallow than they were. "The good news is that we have 10 zones left to test, and the fact that they are deeper could result in stronger producing zones," said George Shaw, President. "We are currently running logs on the well that will give us more information and aid us as we prepare to go back into the well and drill deeper than we initially planned." Energas geologist, Sherman Formhals, wants ample time to review the logs, but based on the facts available now he recommends we acquire a deeper-drilling rig and continue beyond 7500 feet.

The rig that the company acquired was capable of drilling to 7500 feet, which was enough based on previously gathered data. The drilling engineer strongly recommended that the company cease drilling beyond 7500 feet because of concerns for losing drill pipe and other expensive tools by getting stuck in the hole. Shaw stated, "This engineer has been with this rig for quite some time now, and he knows what it is capable of. His advice was highly regarded. Although we wanted to go deeper, we realized that to overload this rig would risk too much for our investors and the Company's dollar. While we work on securing a bigger rig and drilling funds, we will continue our development efforts in our Kentucky fields, particularly the Parkway Project and Pulaski County field. The Parkway Project has 18 wells, mostly all in various stages of permitting, and one that is currently producing oil. We intend to continue bringing oil production on-line from these wells and ultimately build a pipeline to get the gas to market."

Safe Harbor Statement

When used in this press release, the words "intends," "believes," "anticipated" and "expects" and similar expressions are intended to identify forward-looking statements. Such statements are subject to risks and uncertainties which could cause actual results to differ materially from those projected. Factors that could cause or contribute to such differences include normal risks associated with oil and gas drilling activities. The primary risk lies in the drilling of dry holes or drilling and completing wells which, though productive, do not produce gas and/or oil in sufficient amounts to return the amounts expended and produce a profit. Hazards, such as unusual or unexpected formation pressures, downhole fires, blowouts, loss of circulation of drilling fluids and other conditions are involved in drilling and completing oil and gas wells and, if such hazards are encountered, completion of any well may be substantially delayed or prevented. In addition, adverse weather conditions can hinder or delay operations, as can shortages of equipment and materials or unavailability of drilling, completion, and/or work-over rigs. Even though a well is completed and is found to be productive, water and/or other substances may be encountered in the well, which may impair or prevent production or marketing of oil or gas from the well.