EI Eurogas International Inc

Eurogas International Inc. ("Eurogas International" or the "Company") (CNSX:EI)
announced that, together with its partner Atlas Petroleum Exploration Worldwide
Ltd. (APEX), it has declared a condition of Force Majeure with respect to the
Sfax Permit and Ras-El-Besh Concession located offshore Tunisia. The Company and
APEX believe that the current political uncertainty and civil unrest in Tunisia,
which have resulted in the collapse of the government, a declaration of a state
of emergency and serious civil disturbance, adversely affects their ability to
continue their exploration and evaluation activities in Tunisia. Eurogas
International believes that the declaration of a Force Majeure will allow the
Company and Apex to temporarily suspend their activities, while the conditions
resulting in the Force Majeure continue. It is anticipated that acceptance of
the Force Majeure declaration will result in an extension of the term of the
Sfax Permit and Ras-El-Besh concession for a period of time equivalent to the
time that activities were suspended as a result of the Force Majeure, and, once
the situation in Tunisia is resolved, the Company and Apex will resume their
exploration and evaluation activities. 


Eurogas International Inc. is an independent oil and gas exploration company
listed on the Canadian National Stock Exchange under the symbol EI.


Certain information set forth in these documents, including management's
assessment of each of the Company's future plans and operations, contains
forward-looking statements. Forward-looking statements are statements that are
predictive in nature, depend upon or refer to future events or conditions or
include words such as "expects", "anticipates", "intends", "plans", "believes",
"estimates" or similar expressions. By their nature, forward-looking statements
are subject to numerous risks and uncertainties, some of which are beyond the
Company's control, including the impact of general economic conditions, industry
conditions, volatility of commodity prices, currency fluctuations, imprecision
of reserve estimates, environmental risks, competition from other industry
participants, the lack of availability of qualified personnel or management,
stock market volatility and ability to access sufficient capital from internal
and external sources. Readers are cautioned that the assumptions used in the
preparation of such information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance should not
be placed on forward-looking statements. The Company's actual results,
performance or achievement could

differ materially from those expressed in, or implied by, these forward-looking
statements and, accordingly, no assurance can be given that any of the events
anticipated by the forward-looking statements will transpire or occur, or if any
of them do so, what benefits the Corporation will derive from them. The
Corporation disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law.

Grafico Azioni Eurogas (CSE:EI)
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Da Apr 2024 a Mag 2024

Grafico Azioni Eurogas (CSE:EI)
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Da Mag 2023 a Mag 2024