EPG 0.00% 41.0¢ european gas limited

an introduction to european gas ltd, page-57

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    NEWS RELEASE
    21 February 2007
    PROGRESS REPORT
    DIEBLING ST1 WELL
    LORRAINE PROJECT, FRANCE

    Extract:
    HIGHLIGHTS
    �� Current depth 1320.1 metres for the Diebling St1 well.
    �� Net coal intercepts to date in excess of 31.5 metres.
    �� Veine H net seam thickness 13.8 metres.
    �� High to very high desorbable gas content measurements.

    PROGRESS
    European Gas Limited (“European Gas”) is pleased to announce an update to the drilling activities and
    further desorbable gas content analysis for the Diebling St1 well at the company’s Lorraine Project in
    eastern France.
    Currently the Diebling St1 well is at 1320.1 metres from surface and drilling in coal. The total net coal
    intersected to date is at least 31.5 metres. This figure is likely to increase with the running of full
    geophysical wireline logs.

    A further two coal packets are likely to be encountered as drilling continues.
    Desorbable gas content measurements have been carried out with results shown in the following table".
 
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