Beach Expands in Egypt

摘要

Australia’s Beach Energy has expanded in Egypt, farming into two new onshore exploration concessions. Beach said Wednesday that it will gain a 22% stake in the Abu Sennan concession in the Western Desert and a 15% interest in the Mesaha Area concession in the south. Farm-in costs are expected to total up to US$33 million, subject to firm and contingent work programs. The effective date has been backdated to Jan. 1 this year.