Energas Announces Kentucky Update

OKLAHOMA CITY--(BUSINESS WIRE)--Energas Resources, Inc. (OTCBB: EGSR) today announced that the company has completed restructuring the compressor station in the Parkway Project, Kentucky. The previous gas powered rental compressor station has been replaced with an electric compressor to increase gas sales and lower operating costs. The company’s field personnel expect to have stabilized flow rates during the next 30 days.

Further announcements will be forthcoming.

Safe Harbor Statement

When used in this press release, the words “intends,” “believes,” “anticipated” and “expects” and similar expressions are intended to identify forward-looking statements. Such statements are subject to risks and uncertainties, which could cause actual results to differ materially from those projected. Factors that could cause or contribute to such differences include normal risks associated with oil and gas drilling activities. In addition, adverse weather conditions can hinder or delay operations, as can shortages of equipment and materials or unavailability of drilling, completion, and/or work-over rigs. Even though a well is completed and is found to be productive, water and/or other substances may be encountered in the well, which may impair or prevent production or marketing of oil or gas from the well.