VOL. XL

No. 19

12-May-1997

OMAN

Arakis Announces New Drilling In OmaniConcession

The Calgary-based Arakis Energy Corporation announced on 2 May that itswholly-owned subsidiary, Conquest Exploration Oman Inc. spudded on 25 April a new well - WadiSaylah No. 1 - in its Oman concession covering Block No. 15 (the Jebel al-AswadBlock) with a target depth of 11,315 ft. Conquest is operator of the block with a 71.43% interest, which itholds jointly with the Houston-based Aegis Energy (for location and...