Any Good Penny Resources Left? Message Board

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Gold/Mining/Energy : Any Good Penny Resources Left?

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To: Stew who wrote (709)	5/5/1998 5:59:00 PM
From: Scott Shaw	Read Replies (1) of 753

To all: One to watch. Energas Resources EEG.VSE I work for this company...we are currently drilling a well to 12,500' which offsets a field that has produced 22,000,000+ bbls of oil with several wells that came in 3000 to 5000 bbls oil per day & 5,000,000 cubic feet of gas per day. That's stout stuff. We are currently at a depth of 8,800' and hope to reach total depth sometime this weekend. Stock price has bottomed at .60 and has steadied in the .60 to .70 range over the last couple of months. Our overhead is covered, we are carried on the drilling of this well (& all exploratory wells), and we have an experienced technical team. Just wanted to spread the news. Thanks. Best regards, Scott

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