- Business
- Eurogas International Inc. Eurogas International Inc. (EGINF) operates as a Barbados-based independent oil and gas exploration company focused on identifying, pursuing, and developing large-scale, high-impact energy projects worldwide; it holds a non-operated 5.625% working interest in the Sfax offshore exploration permit and the Ras El Besh Concession, covering over one million acres in the Gulf of Gabes offshore Tunisia, targeting oil and natural gas reserves through exploration activities including seismic surveys, drilling, and permit extensions. The company conducts its primary operations in the upstream oil and gas sector, serving institutional and strategic investors interested in high-potential offshore concessions in North Africa, with geographic focus on Tunisia where it maintains ongoing exploration efforts under joint operating agreements with partners such as Atlas Petroleum Exploration Worldwide Ltd. and state entity ETAP. Founded prior to its 2009 listing on the Canadian Securities Exchange, Eurogas International Inc. is headquartered in Barbados and led by CEO Bruce Sherley since 2017, with a board including Samuel William Ingram. Recent developments include Tunisian authorities approving a one-year extension of the Sfax Permit to December 9 as well as a subsequent three-year renewal, enabling continued exploration amid stalled drilling activities and a 2013 farm-out announcement of its interests, reflecting persistent efforts to sustain and advance its Tunisian assets without major acquisitions, partnerships, or strategic shifts reported in the last 1-2 years.