Tuesday, June 3, 2008

Natural Gas Found in Egypt

June 2 (Bloomberg) -- Dana Petroleum Plc, the Scottish oil and natural-gas explorer expanding in North Africa, and partner Gaz de France SA found gas off Egypt in the Mediterranean Sea.

The WEB-1X well in the West El Burullus area of the Nile Delta region encountered ``good quality gas-bearing sands,'' Aberdeen-based Dana said today in a statement distributed by the Regulatory News Service. Each partner owns half the license, according to the statement.

Tests showed the well may flow at 27 million cubic feet a day or more, Dana said.

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