Energas Announces Parkway Project Update; Pipeline Completion Expected in February 2006.

OKLAHOMA CITY -- Energas Resources, Inc. (OTCBB:EGSR) today announces that construction of the Parkway Project pipeline is nearing completion. The contractor estimates that 95% of the 6 inch steel pipeline, which will be used as the main natural gas transmission line, has been welded and approximately 80% of the pipeline has been buried. The contractor also reported that the 4 inch steel gathering system pipeline has been constructed to the first 4 wells and can be hooked-up to the wells when the 6 inch transmission pipeline is completed. Energas management now estimates that the Parkway Project pipeline will be completed and operational near mid February 2006, weather permitting. Further announcements will be forthcoming.

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. 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.