Sipetrol Targets Bahariya

SIPETROL IS TARGETING THE BAHARIYA and Kharita Formations in the new field wildcat Shahd SE 1, located in East Ras Qattara block, North Egypt basin. The proposed total depth is 2,970m. The well was spudded on the last day of February 2008 and was drilling as of the time we were going to press.