Energas Well Tests 6,681 MCFD In Kansas.Energy Editors/Business Editors OKLAHOMA CITY--(BUSINESS WIRE)--March 22, 2004 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 ) is pleased to announce the successful results of the Carothers #1 well in Kansas. The Mississippi Chert chert: see flint. zone came in 31 feet high to the offset show hole and logged a porosity in excess of 30 percent. A 15-minute drill stem test In oil and natural gas extraction, the drill stem includes the drill pipe, drill collars, bottomhole assembly, and drill bit. A drill stem test (DST) is a procedure for testing the surrounding geological formation through the drill pipe. produced an estimated flow rate of 6,681,000 cubic feet (6,681 MCF) of natural gas per day. This drill stem test also recovered 5 feet of condensate and no water. The geologist believes this well is a new field discovery and different reservoir from the nearby Stohrville field. The Company is carried in this well for 18.75%, and after completion, will own a working interest of 16.75% and net revenue interest of 13.4%. Further announcements will be forthcoming. |
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