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2007-11-06 12:00:35

Gaz de France has acquired a 45% stake in the Alam El Shawish West license in Egypt from Vegas Oil & Gas. Covering 1,075 sq km, the license is located in the Abu Gharadig Basin (western desert), approximately 250km southwest of Alexandria. Several significant discoveries have already been made there, and an exploration program is still underway. Oil production is to begin very shortly, followed by natural gas production in the years to come. Vegas Oil & Gas will remain the operator...


Word of the Day
omadhaun
  • A fool; a simpleton: a term of abuse common in Ireland and to a less extent in the Gaelic-speaking parts of Scotland.
This word is partly Irish in origin.