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Gold/Mining/Energy : Energas Resources, Inc.

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To: Floyd Wagner who wrote ()	2/24/2000 2:41:00 PM
From: Bob Walsh	Read Replies (1) of 721

Energas drilling of Finley State No. 3 continues Energas Resources Inc EEG Shares issued 20,814,678 Feb 23 close $0.35 Thu 24 Feb 2000 News Release Mr. George Shaw reports The company began moving in a rig to complete the drilling of the Finley State No. 3 well in the Rusty Creek prospect, Niobrara county, Wyoming. This well is a direct offset to the Finley State No. 1 well, which sold 41,505 barrels in the first 80 days of production. The company owns a 37.5-per-cent working interest in this 3,100-acre prospect. This prospect is located on the east flank of the Lance Creek field, which has produced 108 million barrels of oil and 144 billion cubic feet of gas to date and is still producing. The Rusty Creek has a 3,000 barrel tank storage facility on location which is connected to both oil and gas sales pipelines. Further announcements will be forthcoming. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com

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