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Gold/Mining/Energy : TYK (VSE) Tanganyika Oil -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (264)	12/3/1999 12:55:00 PM
From: Tomas	Read Replies (1) \| Respond to of 500

Egypt reports four new oil and natural gas finds CAIRO, Dec 2 - Reuters Egypt's Oil Ministry has discovered four new oil and gas fields with an estimated total production of 5,240 barrels per day (bpd) of oil and total reserves of 41.5 million barrels, a cabinet official said on Thursday. Ahmed Abu Taleb, the cabinet's secretary-general, told reporters an oil and natural gas field in Egypt's western desert was estimated to produce 2,000 bpd of oil, eight million cubic feet of natural gas per day and had a reserve of 12 million barrels of oil. Another discovery of an oil and natural gas field in the Suez Gulf was estimated to produce 1,240 bpd of oil and had a reserve of 10.5 million barrels. No figure was given for the amount of estimated natural gas output. Two oilfields were discovered in the Suez Gulf and were estimated to produce 1,000 bpd of oil each, with a reserve of 9.5 million barrels. Official figures show Egyptian oil production in September was running at 768,000 bpd versus 803,100 bpd in September 1998. The Oil Ministry said in September the number of discoveries in 1999 had reached 17, nine of them oil and eight natural gas.