NO. 40



Clyde Petroleum To Spud Exploration Well In Block No. 32 In 4Q

Clyde Petroleum of the UK, the operator for the 6,930-sq. km. Shabwa BlockNo. 32 (the Howarine Block), is planning to drill the first exploration well inthe block in the fourth quarter of this year, following the completion thismonth of the interpretation of a 1,700-km. seismic survey carried out on theblock. Two other wildcats will be drilled in the first half of 1994 under theterms of the...