Tunisia Approves One Year Sfax Permit Extension to Eurogas International

 

Eurogas International Inc.  announces that the Tunisian authorities have approved the extension of the term of the Sfax Permit by one year, to December 9, 2012, with no additional obligations imposed on the Corporation.

The Sfax permit is flanked on three sides by producing oil and natural gas fields with reserves totalling hundreds of billions of cubic feet of natural gas and hundreds of millions of barrels of oil. At Sfax the partners are targeting four main prospects plus several additional leads. Three of these structures have flowed oil under previous drilling.

About the Corporation:

Eurogas International Inc. is an independent oil and gas exploration company listed on the Canadian National Stock Exchange under the symbol EI.

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Source: Eurogas International, July 8, 2011;

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