NO. 2



Encouraging Oil Discovery in Algeria

Algeria's Sonatrach has made an encouraging new oil discovery at RhourdeEr-Rouni, in the Erg region 340 kms. east of Hassi Messaoud. The wildcat, thefirst to be drilled at that location, was reported to have yielded a large quantity of high-quality crude on test from a depth of 2,750 meters. The well hasnow reached a depth of 3,400 meters, and further wells will be drilled toappraise the extent of the discovery.