EuroGas Enters Into Confidentiality Agreement

EuroGas, Inc. (EuroGas) (PINKSHEETS: EUGS) (FRANKFURT: EUG) (XETRA: EUG) (HAMB: EUG) (STUT: EUG) reported that through its subsidiary, EuroGas Polska sp.z o.o., it has entered into a confidentiality agreement with Total E&P Activités Pétrolières (Total), a wholly owned subsidiary of Total S.A., one of the world’s largest oil companies.

The press release is quoted as saying:

The agreement was entered into in connection with the evaluation and possible acquisition by Total of certain rights held by EuroGas Polska’s wholly-owned West Ukrainian subsidiary in an onshore region in Western Ukraine. Total has also been evaluating the Bieszczady concession in Poland, in which EuroGas owns a 24% interest.

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