Middle East Economic Survey

VOL. LIII

No 24

14-Jun-2010

EGYPT

Aegean And Groundstar Revise West Kom Ombo Farm-In Terms

Greeces Aegean Energy has agreed revised terms with Canadas Groundstar Resources to acquire a 70% stake and operatorship of the West Kom Ombo (WKO) block in Egypts south central desert, it was announced on 7 June. Aegean has committed to drill a minimum of four exploration wells at a cost of up to $30mn by September 2014, but notes that seismic data has not been acquired over a...