VOL. XL

No. 13

31-March-1997

YEMEN

CanadianOxy's Share Of Masila Production Estimated To Hold SteadyAt 92,300 B/D In 1997

Canadian Occidental's 1997 share of crude oil production fromYemen's Masila Block (Block No.14) is estimated to hold steady at 92,300 b/d in 1997, ascompared with 92,100 b/d in 1996, with pre-tax earnings unchanged at C$268mn (US$193mn atcurrent rate of exchange of 1US$ = C$1.386) for the two years, according to a studyprepared by Goldman Sachs on CanadianOxy's...