His Excellency Eng.Sameh Fahmy Minster of Petroleum has signed two new concession agreements entered by EGAS.

The first agreement was signed on 20/7/2004 and located onshore in DISOUQ (NILE DELTA) with RWE Dea. The contractor’s minimum obligations will be 20mm$ to drill 7 wells and acquire seismic surveys.

The second agreement was signed on 27/7/2004 and located in offshore area in Mediterranean Sea in THEKAH with THARWA PETROLEUM COMPANY. The contractor’s minimum obligations will be 26.5mm$ to drill 5 wells and acquire seismic surveys.