Energas Resources, Inc. announces that the results of the Finley #5 well were negative and that the primary Leo formation was non-commercial.
“The engineer suspects that oil has migrated through this location, which skewed the sample and log interpretations, but reported that no commercial oil was trapped in this well. We will now reassess this project and decide the best course of action going forward,” stated George Shaw, President. “This is tough news but there is still work to be done on the company’s properties in Wyoming and Oklahoma.”
