VOL. XXXV

NO. 48

31-AUGUST-1992

Red Eagle Signs Production Sharing Agreement for Block 13

Red Eagle ResourcesCorporation of the US announced on 10 August that it has signed a finalproduction sharing agreement with Yemen for oil and gas exploration in BlockNo. 13 (the al-Armah Block), which covers an area of 1.8mn acres and is locatedapproximately 60 miles east of the discoveries made by CanadianOxy in theMasila Block No. 14 (for map, see MEES, 22 June). The agreement was signed byMr. Harry C....