EGYPT

Phoenix Makes Promising Discovery in Western Desert 

MEES is informed by official sources at the Egyptian General Petroleum Corporation (EGPC) in Cairo that Phoenix Resources Company has made what promises to be a substantial oil and gas discovery in the Khalda concession in the northwestern part of Egypt's Western Desert. The latest wildcat in the concession, Salam 3X, recently flowed at a combined rate in excess of 16,000 b/d of crude and 35mn cu. ft./d of gas, and a...