Energas Resources Describes Company and Outlook During New York Luncheon.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Scott Shaw, Executive Vice President of Energas Resources (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 described the company and its outlook during a luncheon meeting attended by brokers and fund managers at the Sky Club in New York. Shaw explained that the company's project could possibly include more than 23 wells, with room to drill more than 100 additional developmental wells within the Parkway acreage. The pipeline being built by Energas is running ahead of schedule and could be completed by early December. When the pipeline is completed, the gas from the Parkway Project will begin to be transported to market. The complete power point presentation is available at www.energasresources.com. 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 This projection does not take into account the natural decline of oil and gas production that will occur over the productive life of the projected wells. At this time, there is no production history available for these wells to calculate production decline curves. Although this projection could prove accurate, that cannot be determined at this time and actual results will most likely differ from projected results. Also, there is no assurance that newly drilled wells in the Parkway Project will be commercial. When used in this projection, the words "intends," "believes," "anticipated" and "expects" and similar expressions are intended to identify forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . 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 hin·der 1 v. hin·dered, hin·der·ing, hin·ders v.tr. 1. To be or get in the way of. 2. To obstruct or delay the progress of. v.intr. 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 im·pair tr.v. im·paired, im·pair·ing, im·pairs To cause to diminish, as in strength, value, or quality: an injury that impaired my hearing; a severe storm impairing communications. or prevent production or marketing of oil or gas from the well. |
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