Energas Reports 47% Revenue Growth and 56% Drop in Cash Loss in Second Quarter.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 , Okla. -- 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 ) today announced the highlights of the Company's second fiscal quarter ended July 31, 2005. Highlights of the fiscal second quarter ended July 31, 2005 includes: --Total Revenue increased 47% to $249,311 from $169,746 year over year. --Net Loss decreased 39% to $(208,856) from $(342,475) year over year. --Cash Loss (Net Loss plus Depreciation, Depletion and Amortization) decreased 56% to $(121,186) from $(278,045) year over year. --General and Administrative Expense decreased 29% to $269,209 from $380,888 year over year. "We are pleased to continue to show substantial progress on all of the above metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM. ," stated 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. , President. "We also continue to believe that by the end of this landmark year for Energas, we will have reached positive cash flow, due to production increases in our Kentucky and Kansas fields. We anticipate several exciting developments for our shareholders in the foreseeable future." |
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