VOL. XLI

No. 27

6-July-1998

EGYPT

Cabre And Naftex Scrap Deal On West Ish Al-Mallaha Concession

In an announcement made in Calgary on 30 June, Cabre Exploration Ltd. said that it hadbeen unable to reach agreement with Naftex Energy Corporation on the proposal to combinetheir respective 50% interests in the West Ish al-Mallaha onshore permit on the Egyptianmainland west of the Gulf of Suez under which Cabre would become a 50% shareholder ofNaftex by 30 June. "The parties have been unable to...