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News - 2010/07/08
Well Location for First Polish Carpathian Thrust Fold Belt
Target Is for up to 100 Million Barrels of Oil
NEW YORK, NY -- (Marketwire) -- 07/08/10 -- EuroGas, Inc. (EuroGas) today announced that the first well on the Bieszczady License Block (BLB) in the Carpathian Thrust Fold Belt in southeast Poland will be drilled in an area that comprises approximately 10% of the entire Bieszczady License Area (BLA), which in turn encompasses approximately 3,500 square kilometres (approximately 1,000,000 acres).
News - 2010/05/19
EuroGas Agrees to Purchase 35% Interest in Tombstone Exploration,
Mining Exploration Company With Strategic Land Position in Tombstone, Arizona Gold Silver Mining District.
NEW YORK, NY -- (Marketwire) -- 05/19/10 -- EuroGas, Inc. (EuroGas) today announced that it has entered into an agreement to acquire a 35% interest in Tombstone Exploration Corp., a publicly traded mining exploration company, by purchasing 25,000,000 common shares in exchange for US $ 1,000,000.
News - 2010/05/10
EuroGas Enters Into Memorandum of Understanding With Galizien Energy to Drill and Develop Coal Bed Methane Gas Properties in Ukraine - Galizien to Invest $5,000,000 in First Stage to Earn 33% Interest
NEW YORK, NY--(Marketwire - May 10, 2010) - EuroGas, Inc. today announced that it has entered into a Memorandum of Understanding (MOU) with Galizien Energy Corp., a closely held, Toronto-based private oil & gas company, to develop certain Ukrainian coal bed methane gas properties (CBM properties) owned by EuroGas and its Ukrainian partners. The CBM properties in Ukraine consist of coal bed methane permits in East Ukraine, as well as an interest in a revitalization program of up to approximately 2,000 plugged and shut-in natural gas wells, which are also located in Eastern Ukraine.
