Source: www.oilegypt.com 4/19/2007, Location: Africa
Average gross field production during the first quarter of 2007 was 2,727 bbls/d (Company net: 775 bbls/d). Gross field production has increased since the end of the first quarter and is currently in excess of 3,042 bbls/d. Development drilling continued during the first quarter with two wells drilled in the West Gharib block. Oil field development permits have been submitted for approval for the East Hoshia and East Arta Fields. The Company's remaining seven oil fields in Egypt are all subject to development leases.
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...
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