Energas Resources Announces Plan to Treat Parkway Wells.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 announced their intention to treat the first four Parkway wells. After consulting with one of Halliburton's top log analysts, management believes that treatment of the wells in the Parkway Field Parkway Field is the name of a minor league baseball and college baseball park that stood in Louisville, Kentucky. It was home to the Louisville Colonels of the American Association from 1923 into the mid 1950s, and then of the University of Louisville team for several decades could result in the wells performing at their full potential. The Company plans to use Halliburton engineering to design the frac treatments and perform the workovers, which are likely to generate production from additional zones as well as increase the output from zones currently producing. "We are continuing our analysis, but our initial estimates indicate the possibility of excellent recovery of the reserves in this area," said 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 understand investors' disappointment with our initial production rates," stated Shaw, "however, we continue to believe in the potential of this project and intend to move quickly to take advantage of current oil prices. To demonstrate my own commitment and confidence, I intend to personally lend the Company at least $250,000 on an interest free basis to finance this project. Should the project be successful, the Parkway field will be back on track." Further announcements will be forthcoming. |
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