VOL. XXXIV

NO. 30

29-APRIL-1991

GENERAL

Intoil Group Announces Net Profit of $3.1mn for 1990

Intoil E.C., the offshore private shareholding company incorporated in Bahrain in May 1984 -which owns and operates oil and gas properties in the US (the wholly-owned Arpaho Petroleum Inc. and its subsidiary Aratex Production Inc.) and in Sharjah (a 7.5% interest with Buttes Oil and Gas of the US and Neste Oy of Finland in the offshore Mubarek oilfield) -made a 1990 net profit of $3,107,609, as compared...