Canada's Procan Acquires 50% Interest in Balbaf Concession
A Channel Islands registered company - the Yemen Exploration PetroleumCompany, which is fully guaranteed by the Canadian firm Procan Exploration Co.Ltd. of Calgary - has purchased a 50% interest in the onshore/offshore18,500-sq. km. concession in the Balhaf block, east of Aden, held by theprivately-owned Kuwaiti firm, the Independent Petroleum Group (IPG). Canada'sProcan is a subsidiary of the...