(OTCBB:EGSR) Energas Resources, Inc

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Energas Update on Texas Oil & Gas Project

(OTCBB:EGSR) Energas Resources, Inc.

Energas Update on Texas Oil & Gas Project

Monday January 26, 7:20 am ET

OKLAHOMA CITY-Energas Resources, Inc. recently announced that the road and location has been completed and drilling is underway on the Maurice Snyder #1 well in Callahan County, Texas. This is the first well of an oil and gas development project that consists of 1,560 acres under lease with an option to lease an additional 1,500 acres. This well will be drilled to approximately 4,400 feet to test the Ellenberger formation and could encounter other possible producing zones in the Canyon Lime, Palo Pinto, Caddo and Mississippi formations.

Further announcements will be forthcoming.

Safe Harbor Statement

When used in this press release, the words ?intends,? ?believes,? ?anticipates? and ?expects? and similar expressions are intended to identify forward-looking statements. Such statements are subject to risks and uncertainties, which could cause actual results to differ materially from those projected. Factors that could cause or contribute to such differences include normal risks associated with oil and gas drilling activities. In addition, adverse weather conditions can hinder or delay operations, as can shortages of equipment and materials or unavailability of drilling, completion, and/or work-over rigs. Even though a well is completed and is found to be productive, water and/or other substances may be encountered in the well, which may impair or prevent production or marketing of oil or gas from the well.

Contact:

Energas Resources, Inc. Scott Shaw, 405-879-1752 Source: Energas Resources, Inc.

Profile for Energas Resources, Inc.

Energas Resources, Inc., through its subsidiary, A.T. Gas Gathering Systems, Inc., engages in the acquisition, exploration, operation, development, and production of petroleum and natural gas properties in the United States. It principally operates in the Arkoma Basin in Oklahoma and the Powder River Basin in Wyoming. The company was incorporated in 1989 and is based in Oklahoma City, Oklahoma.

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