Middle East Economic Survey
VOL. LIII
No 5
1-Feb-2010
EGYPT
TransGlobe Farms Into Vegas Egyptian Concession
Canadas TransGlobe Energy Corporation has signed a farm-in agreement with Vegas Oil and Gas to take a 50% working interest in the East Ghazalat concession in western Egypt. TransGlobe will invest $9mn for the drilling of three new exploration wells on the holding, which covers an area of 858 sq km in the Abu Gharadiq basin of the countrys western desert, some 250km west of...
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