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Energas Resources Announces Plan to Treat Parkway Wells OKLAHOMA CITY--(BUSINESS WIRE)--May 18, 2006--Energas Resources, Inc. (OTCBB:EGSR) today announced their intention to treat the first four Parkway wells. After consulting with one of Halliburton's top log analysts, management believes that treatment of the wells in the Parkway Field could result in the wells performing at their full potential. The Company plans to use Halliburton engineering to design the frac treatments and perform the workovers, which are likely to generate production from additional zones as well as increase the output from zones currently producing. "We are continuing our analysis, but our initial estimates indicate the possibility of excellent recovery of the reserves in this area," said George Shaw, President.
"We understand investors' disappointment with our initial production rates," stated Shaw, "however, we continue to believe in the potential of this project and intend to move quickly to take advantage of current oil prices. To demonstrate my own commitment and confidence, I intend to personally lend the Company at least $250,000 on an interest free basis to finance this project. Should the project be successful, the Parkway field will be back on track."
Further announcements will be forthcoming.
-------------------- Please do your DD. Break some bread with me!
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1]Company is using Halliburton's engineering for increase output.
2]"however, we continue to believe in the potential of this project and intend to move quickly to take advantage of current oil prices" = Gains & Profit NOW !!!!
3] To demonstrate my own commitment and confidence, I intend to personally lend the Company at least $250,000 on an interest free basis to finance this project.= TRUST & LEGIT
4]Further announcements will be forthcoming.= MORE PR's , MORE DOLLARS FOR US INVESTORS
This Baby should hit its 10 day average today of 0.304,....and tomorrow when another PR comes out...we will Flyy!!
-------------------- Please do your DD. Break some bread with me!
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This company traded 0.75 3months ago, their 10 days average is .335 , now it is trading at .16, this one way undersold !!! and with this STRONG PR, It will go off the roof. Perfect time to jump in.
-------------------- Please do your DD. Break some bread with me!
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I'm not selling till the .4 range. Maybe even later depending on what happens. Don't want to get greedy but this should be over .40
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funny that people are actually selling after a 10-20% gain! They'll regret it when this gets a 100-200% gain! They only thing their doing is slowing down the inevitable.
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this happenes with every stock with awesome newsi n the morning, goes up really fast then the mm's bring it back down... itll be back there by lunch or higher by eod.... imo
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if you understand these MM's then you'll know what they are up to, they see a stock that is bound for at least 100% , they get very scared and try to bring it down, but when they are caught with they pants down.....They cant help but to let it run!!!
This one will finish today at nothing less than 0.26, and tomorrow RUN TO THE ROOF !!!!
remember in the PR
"Further announcements will be forthcoming."
I like the sound of "will be"
-------------------- Please do your DD. Break some bread with me!
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lol danny, one thing I have learnt watching stocks is that, Stocks that are Legit, with committed officers updating investors every step of the way (even investing his own money)and strong background will DEFINATELY run in face of good PR, and booming Gas & oil market.
MM's cant stop this one. It will finish HOD, and tomorrow should be interesting.
-------------------- Please do your DD. Break some bread with me!
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