EPG 0.00% 41.0¢ european gas limited

activities report out overnight ...

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    ... and as expected its steady as she goes. Nearly $15mill cash reserves ... great results from the recent Folschviller drilling ... Diebling drilling starting any day now ... Lorraine production trials plannned for mid 2007 (not sure why it couldnt be earlier) ... reservoir studies completed for 2 other French permits ... Lons Le Saunier (watch this space) application passed local admin requirements and continues through the granting process (but didnt see mention of progress on the Lorraine southern extension application?) ... EIS for 3 permits in Southern Tuscany lodged with authorities (potentially interesting because of advanced natural gasification due to elevated host rock temperatures) .... and then, sigh, there is the Heritage offer because of which nothing exciting can be expected until its resolved.


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