Energas Reaches Agreement with Devon Energy to Explore Acreage in Wyoming.Energy Editors/Business Editors OKLAHOMA CITY--(BUSINESS WIRE)--June 16, 2003 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 ) has reached an agreement with Devon Energy (AMEX AMEX See: American Stock Exchange :DVN DVN Digital Video Network (Internet2) DVN Digital Value Network DVN Diploma in Veterinary Nursing DVN Device Number ) to explore on acreage in the Wind River Basin, Wyo. The Wind River Basin is a rapidly developing natural gas producing area. Under the agreement, Devon assigned its interest in approximately 27,000 acres to Energas. Devon retained an overriding royalty and the right to participate with a reduced interest in projects that Energas generates on this acreage. |
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