2009-09-18-2009-07-30-2009-07-30
Transaction Type
Sellers
Announce Date
Post Date
Close Date
Estimated Price
0MM
Description
Bought 80% WI in Uintah Basin well in Uintah Co., UT.
Energas Resources Inc., Oklahoma City, (OTCBB: EGSR) has acquired a Uintah Basin well in Uintah County, Utah, from an undisclosed private company for approximately $72,000 in cash and stock. Energas paid $42,500 in cash and 1,000,000 shares to acquire an 80% working interest (73.835% net revenue interest). The well is already drilled to a depth of approximately 20,000 feet, logged, tested and has casing set but is capped waiting to be hooked into a pipeline for natural gas sales.