Middle East Economic Survey
VOL. LIII
No 6
8-Feb-2010
EGYPT
Groundstar And KTE In Egyptian Asset Exchange
Canadas Groundstar Resources has entered into an asset exchange agreement with Karl Thomson Energy (KTE), increasing its interest to 80% in Egypts West Komombo (WKO) block, where it serves as operator. Groundstar will exchange its 20% working interest in the West Esh El Mallaha (WEEM) block, where KTE has been funding drilling and completion operations solely as of November, for a 20% interest...
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