Energas Resources Updates Parkway Project; Two Additional Wells Connected to Pipeline.

OKLAHOMA CITY -- Energas Resources, Inc. (OTCBB:EGSR) is pleased to announce that two additional wells have been connected to their recently completed Parkway Project transmission pipeline, bringing the current total to four.

"While it is premature to determine stabilized production rates, we expect all four wells to produce commercial levels of natural gas and three of the four wells to also produce oil," said Scott Shaw, Vice President. "The oil has been analyzed to be 40 degree gravity sweet crude."

Shaw also stated, "Our new Vice President of Engineering, John Breitmeier, will be arriving in Kentucky today. John's extensive experience will be utilized in maximizing the Company's total production, beginning in Kentucky."

Safe Harbor 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.