On 26 January 2020, Egyptian-based junior Vegas Oil & Gas re-launched a farm-out campaign for its East Lagia PSC, located on the Sinai Peninsula. A dataroom has been re-opened, with a deadline for offers of interest to be submitted by 31 March 2020. The company has been seeking a partner in the 2,989 sq km block since September 2018, in order to pay back-costs, as well as part-fund a planned exploration programme on the under-explored block. A 768km 2D seismic survey was acquired in 2019, with an additional 2D/3D seismic programme planned for 2020. The block has been identified as has prospectivity in the (assumed) Cretaceous-aged Nubia sandstones, with Eocene or Cretaceous source rocks. The drill-ready Rowad prospect identified.  The concession was originally signed by Vegas (100% equity) on 7 November 2013, following the EGPC 2011 Bid Round. The exploration period has a maximum seven-year term, split into three periods (2+3+2). Activity on the block had been delayed, however the first exploration period due to expire in March 2020. Just one well has been previously drilled on the licence, with Abu Hamth 1 (TD 2,173m) being P&A with oil shows 1946. The opportunity is being marketed by Zebra Data Sciences Ltd <A HREF="http://www.hydrocarbondeals.com/">http://www.hydrocarbondeals.com/</A> and newly established Egyptian-based Promote Energy. For more information, contact Liam Whitehead, <A HREF="mailto:liam.w@zebradata.com">liam.w@zebradata.com</A> or Ahmed Hagras, <A HREF="mailto:ahmed.hagras@promote-energy.com">ahmed.hagras@promote-energy.com</A>. <P />
Egyptian-based junior Vegas Oil & Gas re-launched a farm-out campaign for its East Lagia PSC, located on the Sinai Peninsula. A dataroom has been re-opened, with a deadline for offers of interest to be submitted by 31 March 2020. The company has been seeking a partner in the 2,989 sq km block since September 2018, in order to pay back-costs, as well as part-fund a planned exploration programme on the under-explored block