VOL. XLII

No. 06

8-February-1999

EGYPT

First Oil Flow Reported In Ras Kanayes

Australia痴 Novus Petroleum reported on 3 February that theRas Kanayes-6X well resulted in an oil flow for the first time in the RasKanayes concession in the Western Desert. Novus has a 6.36% interest in the RasKanayes concession along with Spain痴 Repsol (31.82%, operator), Apache of theUS (25.46%) and Kuwait痴 Kufpec (36.36%). The well was a test of the Khatatbaformation in a fault dependent closure, with secondary...