UK FIRM SOLO Oil will spend US$10.7mn to fund a buyout agreed upon with Aminex for a 12.5 per cent interest in the Likonde-1 well in Southern Tanzania.p>UK FIRM SOLO Oil will spend US$10.7mn to fund a buyout agreed upon with Aminex for a 12.5 per cent interest in the Likonde-1 well in Southern Tanzania.
EGYPT MAY DRILL 520 exploratory and development oil wells and 36 natural gas wells this year, according to the Egyptian Minister of Petroleum.p>EGYPT MAY DRILL 520 exploratory and development oil wells and 36 natural gas wells this year, according to the Egyptian Minister of Petroleum.
EGYPTSS STATE-OWNED Egyptian General Petroleum Corporation (EGPC) will announce the results for its latest oil and gas bid round in one or two months, according to the companys chief executive, Abdel Alim Taha, said today.p>EGYPTSS STATE-OWNED Egyptian General Petroleum Corporation (EGPC) will announce the results for its latest oil and gas bid round in one or two months, according to the companys chief executive, Abdel Alim Taha, said today.
ZION OIL & GAS is mobilising its drilling rig, currently situated at the Elijah #3 well, to resume production testing operations on the Maanit-Rehoboth #2 well.p>ZION OIL & GAS is mobilising its drilling rig, currently situated at the Elijah #3 well, to resume production testing operations on the Maanit-Rehoboth #2 well.
CIRCLE OILS WHOLLY owned subsidiary has signed a Petroleum Agreement with the Office National des Hydrocarbures et des Mines (ONHYM) for the Lalla Mimouna area covering the Exploration and Exploitation of Hydrocarbons for the "Lalla Mimouna Nord" and "Lalla Mimouna Sud" Exploration permits situated in the Rharb Basin, Morocco.p>CIRCLE OILS WHOLLY owned subsidiary has signed a Petroleum Agreement with the Office National des Hydrocarbures et des Mines (ONHYM) for the Lalla Mimouna area covering the Exploration and Exploitation of Hydrocarbons for the "Lalla Mimouna Nord" and "Lalla Mimouna Sud" Exploration permits situated in the Rharb Basin, Morocco.
