Energas Resources Inc. Announces Drilling Begins in the Rusty Creek Prospect.OKLAHOMA Oklahoma (ōkləhō`mə), state in SW United States. It is bordered by Missouri and Arkansas (E); Texas, partially across the Red R. (S, W); New Mexico, across the narrow edge of the Oklahoma Panhandle (W); and Colorado and Kansas (N). CITY--(BUSINESS WIRE)--Dec. 6, 1999-- Energas Resources Inc. (the "Company") is pleased to announce that the drilling of the Finley State No. 3 well began on Saturday, December 4, and is drilling at 2,370' at the time of this morning's report. This well will be an offset to the Finley State No. 1 well, which produced over 47,473 barrels of oil in the first 6 months. The Company owns a 37.5% interest in the Rusty rust·y adj. rust·i·er, rust·i·est 1. Covered with rust; corroded. 2. Consisting of or produced by rust. 3. Of a yellowish-red or brownish-red color. 4. Creek Prospect, which comprises approximately 3,100 acres in Niobrara County, Wyoming Niobrara County is a county located in the U.S. state of Wyoming As of 2000, the population is 2,407, making it the state's least populous county. Its county seat is Lusk6. History Niobrara County was organized in 1911. Geography According to the U.S. . The Rusty Creek Prospect currently has a 3,000-barrel tank storage facility in place which is connected to both oil and gas sales pipelines. The Finley State No. 3 well is designed to drill to a depth of 4,200' to test the Lakota and Dakota formations The Dakota Formation is composed of sedimentary rocks deposited on the east side of the Late Cretaceous seaway. F.B. Meek and F.V. Hayden (1862) named it for exposures along the Missouri River near Dakota City, Nebraska. . Further announcements will be forthcoming. ON BEHALF OF THE BOARD OF DIRECTORS ENERGAS RESOURCES INC. By: George G. Shaw, Pres. THE VANCOUVER STOCK EXCHANGE Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. |
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