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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Scott Mc who wrote (3996)	10/30/1997 12:53:00 PM
From: Scott Shaw	Read Replies (1) of 24939

To all/Energas Resources Trading Symbol: EEG.VSE PRESS RELEASE . . . . Finley State #1 Production Report Energas Resources Inc. (the "Company") is pleased to announce the 24 hour flow rates of the Finley State #1 well in the Rusty Creek prospect. The well stabilized after 8 hours with a tubing pressure of 160 psi and a casing pressure of 160 psi. The well is flowing through a 1 inch adjustable choke at a rate of 1,516 barrels of oil per day and 1,146,000 cubic feet of natural gas per day. The oil tested sweet with a 47 degree gravity and the gas tested sweet with a 1,380 BTU rating. The Rusty Creek Prospect contains 3,000 acres and is supported by five lines of seismic information. 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.

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