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Article: Energas Sells Field in Pulaski County, Kentucky.
- Article from:
- Business Wire
- Article date:
- June 25, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OKLAHOMA CITY -- Energas Resources, Inc. (OTCBB:EGSR) today announced that it has executed final closing documents with Mammoth Resource, LLC, Cave City, KY to sell the company's natural gas property in Pulaski County, Kentucky. This sale includes all wells, leases and gathering systems in Pulaski County, KY. Energas management intends to use the proceeds from this sale to retire all of the company's indebtedness. Excess proceeds will be used to develop the company's other properties. Further announcements will be forthcoming.
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