Offshore staff
MANCHESTER, UK – Jordan’s cabinet has approved a co-production agreement between Korea Global Energy Corp. (KGEC) and UK independent Enegi (AIM:ENEG;OTC:EOLPF) for oil exploration in the Dead Sea and Wadi Araba areas.
KGEC will perform exploration studies over a 6,819-sq km (2,633-sq mi) area in three phases. These will include a seismic survey and drilling of three wells for oil exploration.
Enegi has a 5% carried interest in the project.
3/27/2013
