VOL. XLI

No. 09

2-March-1998

EGYPT

Odyssey Announces Acquisition Of Three Concessions In Egypt

Odyssey Petroleum Corporation of Canada announced in Calgary on 25 February that theBoard of Directors of the Egyptian Petroleum Corporation (EGPC) has awarded it and MerlonPetroleum Corporation concessions for three onshore exploration blocks in Egypt. Theconcessions will be held on a 50/50 basis by the two partners. The Houston-based MerlonPetroleum is a private company held by Mr. James A....