Eurogas Corporation
TSX VENTURE : EUG

Eurogas Corporation

October 03, 2005 17:29 ET

Eurogas Corporation Announces Appointment of Vice President, Project Development

CALGARY, ALBERTA--(CCNMatthews - Oct. 3, 2005) - In the continuing process of acquiring senior level technical expertise, Eurogas Corporation (TSX VENTURE:EUG) ("Eurogas") is pleased to announce that Mr. Clive Witton has joined the Corporation in the capacity of Vice President, Project Development. Mr. Witton has over 25 years of experience in project and engineering management for offshore and onshore production facilities in the North Sea, Atlantic Canada, West Africa and the Persian Gulf, most recently with AMEC of London, England. With particular experience in field development planning and detailed design and procurement activities, Mr. Witton will be a valuable addition to Eurogas and to the implementation of the Corporation's active development programs both in Spain and Tunisia.

Pursuant to the terms of the Corporation's Employee Stock Option Plan, the Board of Directors has approved the grant to Mr. Witton of 300,000 common share options at an exercise price of $1.70.

Eurogas is a Canadian oil and gas exploration and development company engaged in development of a major underground natural gas storage facility offshore the east coast of Spain, and the exploration and development of oil and gas in Tunisia's Gulf of Gabes.

Jaffar Khan

President & CEO

This press release contains certain forward-looking statements that reflect the current views and/or expectations of Eurogas with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions which may cause actual results to be materially different from those expressed or implied. Eurogas assumes no future obligation to update these forward-looking statements.

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
    (403) 264-4985
    or
    Eurogas Corporation
    Andrew Constantinidis
    Vice President & CFO
    (403) 264-4985
    (403) 262-8299 (FAX)
    Email: eurogas@eurogascorp.com
    Website: www.eurogascorp.com
    or
    Eurogas Corporation
    520, 333 - 5th Avenue SW
    Calgary, Alberta, Canada
    T2P 3B6