Energas Begins Texas Development Project.OKLAHOMA CITY Oklahoma City (1990 pop. 444,719), state capital, and seat of Oklahoma co., central Okla., on the North Canadian River; inc. 1890. The state's largest city, it is an important livestock market, a wholesale, distribution, industrial, and financial center, and a farm -- 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 ) announced today that the Company began work this morning on the first well of a development project in Callahan County, Texas Callahan County is a county located in the U.S. state of Texas. As of 2000, the population is 12,905. It is included in the Abilene, Texas Metropolitan Statistical Area. Its county seat is Baird6. . This oil and gas project consists of 1,560 acres under lease with an option to lease an additional 1,500 acres. The project engineer estimates that there are 27 locations to drill for the Ellenberger formation, which is the primary target zone. The engineer has also identified locations for the Canyon Lime, Palo Pinto pinto Spotted horse, also called paint, piebald, skewbald, and other terms to describe variations in colour and markings. The American Indian ponies of the western U.S. were often pintos. Most pure-breed associations refuse to register horses with pinto colouring. , Caddo and Mississippi formations. The first well will be drilled to 4,300 feet to test the Ellenberger formation. Further announcements will be forthcoming. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement When used in this press release, the words "intends," "believes," "anticipates" 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. |
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