Energas Resources Doubles Revenue from Kansas Field; Parkway Flow Rates Due Out Soon.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 that a successful stimulation of the Carothers 1-19 well in their Kansas field has raised production from that well from 6 barrels of oil per day to 28 barrels of oil per day. This new oil production essentially doubled the revenue from the field as a whole due to favorable current oil prices. Energas owns a 16.75% WI equal to a 13.7% net revenue interest in the field. "We continue to have confidence that 2006 will see our production ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale and lead to commensurate increases in other relevant metrics such as revenue, cash flow, earnings and reserves," 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. "While we have been correcting some start-up equipment problems in our Parkway Project, we have continued to see signs of good production of both oil and gas from these wells," said Shaw. "Our new engineer has been diligently working the wells and pipeline equipment in his first two weeks on the job, and we expect to have production rates as soon as he works out the issues. We have been impressed with his efforts and are very pleased that he is on our team." 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 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 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. |
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