No. 23



Phoenix's 1995 Operations In Egypt

A statement issued on 29 February by the Phoenix Resource Companies on its 1995 operations states that by year-end 1995 Phoenix had interests in 18 oil fields and six natural gas field in Egypt, and its net proved reserves were 30mn equivalent oil barrels, up 18% from the prior year, continuing a five-year trend of reserve growth, and replacing over 298% of its 1995 oil and gas production. Gross proved reserves...