VEGAS OIL & GAS SA WAS ON COURSE to suspending the new field wildcat Al Magd 1 (Hh 31-2) as a discovery as of March 15, 2008. The well is located in the Alam El Shawish West block (Block I). The Total Depth as of mid March was 3,200metres, but the prognosed Total Depth PTD was 3,487metres. Vegas officials say that the main objective of the well were the Abu Roash “C”, “E” and “G” units and the Bahariya Formation. The rig is L/R “Nafla-2.