Arabian Oil Is Selling In North October

EGYPT

Arabian Oil Company is seeking buyers for up to 50% of its 100% interest in the 185-sq km NW October block, in the north of Gulf of Suez. The block is situated in water depth of 45-65metres. The company wants to do the selling before embarking on development of the NWO 1 discovery (5.200 BOPD of28-32 API oil from the Nukhul and Thebes formations). Offers are invited until l May 2008. Effective date will be 1 January 2008. Contact spencerwinter@stellarlimited.com.



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