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...