Wyoming well Finley#5.
Energas Announces Finley #5 Completion Update
Wednesday August 20, 7:20 am ET
OKLAHOMA CITY--(BUSINESS WIRE)--Energas Resources, Inc. (OTCBB: EGSR - News) announced today that the engineer has reported that the workover rig plans to move onto the Finley #5 well location in Wyoming on August 25, 2008 to begin the completion phase of the well.
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Review of the Finley #5 mud and electric logs indicate the potential for commercial oil production from zones in the Leo formation at approximately 6,000 ft. Energas will own a 51% working interest (.408 net revenue interest) in this well and owns a 44% working interest in this property, named the Rusty Creek Prospect, which covers approximately 1,760 acres. Further announcements will be forthcoming