Energas Resources, Inc. Operational Update.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 ) today issued the following operational update in an effort to provide information about the Company's current status. As previously announced, management is negotiating financing to drill a new well in both the Parkway Project and Whitley field in eastern Kentucky. The Parkway well should provide the electric log data that our consultants need to formulate the process to treat the wells in this project. Also, management now believes the Whitley field could hold more potential than originally estimated due to recent discovery wells in the area. In the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile , field personnel have reconditioned re·con·di·tion tr.v. re·con·di·tioned, re·con·di·tion·ing, re·con·di·tions To restore to good condition, especially by repairing, renovating, or rebuilding. the Company's own truck mounted Ingersoll-Rand drilling rig and are making plans to drill wells in the Pulaski County Pulaski County is the name of several counties in the United States:
"We identified a sweet spot in the Pulaski field during past drilling programs and our field personnel want to develop it," stated George Shaw, President. "Given that the costs are limited, I'm excited to pursue this idea in an effort to increase production." 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," "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 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion