VOL. XLV

No 28

15-July-2002

TUNISIA

Pioneer Acquires GulfCanada Stake In Borj al-Khadra Permit

Dallas-based Pioneer NaturalResources announced on 27 June that it had acquired Gulf Canada痴 40%interest in the Borj al-Khadra(BEK) onshore permit in the GhadamesBasin. Thetransaction is subject to Tunisian Government approval. Pioneer will join Agip Tunisia BV , theoperator of the permit, and Paladin Expro Limited inexploring the 1.2mn acre permit. The BEK permit is adjacent to the Anaguid permit...