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Gold/Mining/Energy : ANY CURRENT break outs!! post here

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To: CLK who wrote (464)10/8/1997 4:33:00 PM
From: Scott Shaw   of 474
 
To all/Energas Resources Inc.
Trading Symbol: EEG

PRESS RELEASE . . . .Finley State #1 Update

Energas Resources Inc. (the "Company") is pleased to announce the drilling results on the Finley State #1 well in the Rusty Creek Prospect, Niobrara County, Wyoming. A new channel sand of the Dakota formation was discovered in this well. The well has been tested at a flow rate of 1,368 barrels of oil per day (57 barrels/hour) and 480,000 cubic feet of gas per day. A reserve analysis can not be established until after 90 days of steady production. There is no assurance at this time that the well will continue to produce at this rate. The Company owns a 37.5% working interest, 30% net revenue interest, in this prospect. Further announcements will be forthcoming.


ON BEHALF OF THE BOARD OF DIRECTORS
ENERGAS RESOURCES INC.
By:

George G. Shaw
President

THE VANCOUVER STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. FOR FURTHER INFORMATION, CONTACT SCOTT SHAW, 1-800-365-6201.

No doubt this will be considered a break out! Energas has a thread started if you would like to follow this story - or you can also call me at the number above.

Best regards to all, Scott
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