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Heir dann noch die Aktuell NEWS: nergas Resources Announces Plan to Treat Parkway Wells Thursday May 18, 7:20 am ET OKLAHOMA CITY--(BUSINESS WIRE)--May 18, 2006--Energas Resources, Inc. (OTCBB:EGSR - News) today announced their intention to treat the first four Parkway wells. After consulting with one of Halliburton's top log analysts, management believes that treatment of the wells in the Parkway Field could result in the wells performing at their full potential. The Company plans to use Halliburton engineering to design the frac treatments and perform the workovers, which are likely to generate production from additional zones as well as increase the output from zones currently producing. "We are continuing our analysis, but our initial estimates indicate the possibility of excellent recovery of the reserves in this area," said George Shaw, President. We understand investors' disappointment with our initial production rates," stated Shaw, "however, we continue to believe in the potential of this project and intend to move quickly to take advantage of current oil prices. To demonstrate my own commitment and confidence, I intend to personally lend the Company at least $250,000 on an interest free basis to finance this project. Should the project be successful, the Parkway field will be back on track." Further announcements will be forthcoming. Contact: Energas Resources, Inc., Oklahoma City Scott Shaw, 405-879-1752 www.energasresources.com or Martin E. Janis & Company, Inc. Bev Jedynak, 312-943-1100 ext. 12 Source: Energas Resources, Inc. |
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| aus der Diskussion: | Top Reboundchance zur Erinnerung EGSR $$ |
| Autor (Datum des Eintrages): | waxweazle (18.05.06 16:19:43) |
| Beitrag: | 4 von 17 (ID:21641537) |
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