Eurogas International Announces 2011 Financial Results

Eurogas International Inc. (CNSX:EI) reported its financial results for period that ended on December 31, 2011.

As quoted in the press release:

The costs of plugging and abandoning the well were approximately US$5.5 million, of which the Corporation’s share was US$1.3 million. In order to secure the resources necessary to complete these activities, on January 31, 2012, the Corporation arranged for a $2.5 million revolving term credit facility with its principal shareholder, Dundee Corporation.

Click here to read the Eurogas International Inc. (CNSX:EI) press release.