VOL. XLV

No 17

29-April-2002

OMAN

Novus Signs EPSA ForOmans Block 31

Australias Novus Petroleum on 20 April signed an exploration andproduction sharing agreement (EPSA) with the Omani Government for Block 31,covering an 8,550 sq km area in northern Oman adjoining Blocks 15 and 47, forwhich Novus signed an EPSA last October (MEES, 8 October 2001 - see Map). Theagreement calls for Novus Oman Ltd, the localsubsidiary of the Sidney-based firm, to take a 100% interest in the block andto invest $18mn...