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...
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