No. 17



Naftex To Assume Operatorship Of West Ish Al-Mallaha Concession

Cabre Exploration Ltd., Coplex Resources NL and Naftex Energy Corporation on 16 Aprilannounced in Calgary the combining of their interests in the West Ish al-Mallaha onshorepermit on the Egyptian mainland west of the Gulf of Suez. The transaction, which is to becompleted by the end of June, will in effect make Naftex the operator of the permit. Threewells were drilled by Coplex and Cabre in the...