28-DEC-92/4 JAN 93
Adair Oil Signs for Yemeni Acreage
MEES learns that Adair Oil International Corporation of Oklahoma has signedwith the Yemeni Ministry of Petroleum and Minerals a memorandum of understandingfor a production sharing agreement covering the onshore 3,771 sq.-km. North Balhaf block No. 28 (the Jalik block) formerly held by the Kuwaiti private firm,the Independent Petroleum Group (IPG). Adair has apparently agreed to pay asignature bonus of $6mn for the...