No. 12



Arakis Announces Oil Discovery From Well In Central Oman

Arakis Energy Corporation announced on 1 December that it had successfully tested oil from the Natih formation in its Jebel Aswad #1 well located in Block 15 in central Oman. The well, which was originally spudded on 19 November 1993 by then-operator American Exploration, reached a total depth of 11,776 ft. on 4 January 1994. Initial tests were not successful, however, and work on the well...