Eurogas Corporation (Eurogas) is an oil and natural gas exploration company, engaged in the development of energy projects. It is developing an underground natural gas storage facility in Spain, and is conducting oil and gas exploration programs in Tunisia. The Company’s 73.7% owned subsidiary, Castor UGS Limited Partnership (CLP), holds a 33.33% interest in the Castor Exploration Permit through its investment in Escal UGS S.L. (Escal), giving the Company an interest of 24.6% in the Castor UGS Project. The Castor Exploration Permit, which is owned directly by Escal, covers the abandoned Amposta Oilfield, which is utilized by Escal for its underground gas storage project (Castor UGS Project).