VOL. XL

No. 48

1-December-1997

YEMEN

Kappa Energy Signs Drilling Contract For Yemen's Block No. 2

Calgary-based Kappa Energy Company Inc. announced on 24 November that its wholly-ownedsubsidiary Kappa Energy (Yemen) Inc. - operator of Yemen's Al Maber Block No 2 - has signed a contractwith Nabors Drilling for the drilling of two wells in the block. The drilling rig to beused is the Nabors 217, which is presently drilling one well for another operator in Yemenand will be moved immediately to...