On Contract to Merlon in the Fayum Area of the
Western Desert, Egypt
is an oil and gas
E & P company actively exploring for oil and gas in the Western
Desert of Egypt and the Gulf Coast of Texas.
In Egypt our activities are focused on the El Fayum Concession and
encompasses more than 500,000 net acres. The El Fayum Concession
is located about 70 km southwest of Cairo where the company currently
has three rigs under contract. The main exploration targets are
the Cretaceous-aged Abu Roash and Bahariya formations. More
than ten significant discoveries have been made with production
and sales commencing in September, 2009. Production to date
has surpassed 4.5 million barrels of oil. In 2013, the company expects
to drill 15 wells focused on exploration and delineation.
The company has fully staffed exploration and operations offices
in Houston, Texas and Cairo, Egypt with the company's headquarters
located in Houston. The core management team has an extensive record
of success both in the U.S. and abroad with well over three centuries
of combined experience in the oil and gas industry.