No. 49



Red Sea Oil Completes Appraisal Of Block NC-177

Red Sea Oil Corporation, along with partner Lundin Oil AB announced thecompletion of their second appraisal well in the En Naga North field on block NC-177,onshore Libya. The well, B3-NC-177, flowed in excess of 3,300 b/d of high quality lightcrude. The well was tested over the Lower Gir and Zultan A zones. Zultan A flowed at arate of 2,800 b/d of 48º API on a 98/64-in. choke, while Lower Gir yielded 500 b/d of...