Energas Hits with Well No. 5 in Kentucky

Energas Resources has successfully completed the 5th well in eastern Kentucky. This well is estimated to be flowing at an initial rate of 55,000 cubic feet (55 MCF) of natural gas before stimulation. This rig has to move off location and will return in 2 to 3 weeks. A second rig is scheduled to arrive next week to continue the drilling program.

These 5 new wells have increased the total well count to 36 producing wells in the Kentucky project. Also, another mile of pipeline has been added increasing the gathering system to approximately 29 miles. Completion of the new compressor station is planned for next week and stimulation of the new wells is scheduled in November.