Addtionally, by mutual agreement, John Breitmeier will not be associated with the Company. Everyone at Energas wishes Mr. Breitmeier the best in his endeavors. The Company plans to use Halliburton services for its engineering needs at this time.
Meanwhile, the Company has reduced cash operating expenses by more than $24,000 per month. "We are generating positive cash flow on a day to day basis, not including extraordinary payments or capital expenditures," stated George Shaw, President. "We continue to believe that the Parkway holds commercial quantities of oil and gas, and we intend to bring it to market for the benefit of our shareholders and the project land owners."
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