Eurogas Corporation
TSX VENTURE : EUG

Eurogas Corporation

November 28, 2008 17:19 ET

Eurogas Corporation Reports Third Quarter 2008 Results

TORONTO, ONTARIO--(Marketwire - Nov. 28, 2008) - Eurogas Corporation ("Eurogas" or the "Company") (TSX VENTURE:EUG) announces reporting its financial results as at and for the three and nine months ended September 30, 2008. The interim unaudited consolidated financial statements, along with Management's Discussion and Analysis as at and for the three and nine months ended September 30, 2008 have been filed on SEDAR on November 28, 2008. Interested parties may access these statements at www.sedar.com or www.eurogascorp.com.

Eurogas Corporation is listed on the TSX Venture Exchange under the symbol EUG. The Corporation indirectly owns a 24.6% interest in the Castor Underground Gas Storage project located close to Barcelona, off the east coast of Spain. This world class gas storage project has been awarded a Development Concession, and the operation is currently in the process of obtaining additional permits. On July 25, 2008, the Corporation declared a dividend in kind to its shareholders comprising of 100% of the common shares of its subsidiary, Eurogas International Inc, which is engaged in the exploration and development of oil and gas prospects in Tunisia's Gulf of Gabes. More information is available on the company website www.eurogascorp.com.

Certain information set forth in this document, including management's assessment of the Corporation's future plans and operations, contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Corporation's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Corporation's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Corporation will derive from them. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Eurogas Corporation
    Jaffar Khan
    President & CEO
    or
    Eurogas Corporation
    Joanne Ferstman
    Executive Vice President & CFO
    Website: www.eurogascorp.com