Coplex To FarmOut 85% Of West 'Ish Al-Mallaha Concession
Coplex, theTasmania-based Australian firm, has agreed to farm out 85% of its West 'Ish al-Mallahaconcession - 70% to Occidental and 15% to Canada's Cabre Exploration Ltd. The1,583-sq. km. West 'Ish al-Mallah onshore tract on the mainland west of the Gulfof Suez was awarded to Coplex earlier this year (MEES, 26 July). Under the termsof the farmout agreement, which requires the approval of the Egyptian...