MENA Hydrocarbons

Latest MENA Hydrocarbons News

• Activities on the Company's 100% owned Lagia oil field in Egypt have re-commenced.
• MENA has also completed installation of required production facilities in the field with three oil storage tanks, a water tank, and a 500 barrel fuel tank and has connected all producing wells with flow lines.
• Lagia wells #8 and #10, which were also drilled in 2012 and designed for steam injection, will be placed on production following an initial steam injection cycle to begin next month.

• Messrs. Graham Lyon, President and Chief Executive Officer, Joerg Pigaht, Vice President and Chief Operating Officer, and James Strachan, Vice President and Chief Geoscientist, have resigned.

• The operator of Block 9 declared force majeure on July 16, 2012.

• For the last several months, the Company has attempted to raise the necessary funds to meet its near term operating and capital obligations without success.
• In light of the working capital deficiency, the Board of Directors has initiated a process to identify, examine and consider strategic alternatives with the view to enhancing shareholder value.

• The Lagia 6 well, drilled in 2000, has been re-entered, re-perforated in the Nukhul formation and has now been on production for one week.
• The engineered development plan calls for up to 55 wells for full development of this current fault block

• Omar Nasser was appointed Director of Corporate Development.

• Operations on the Lagia oil field development commenced March 16, 2012.
• The existing Lagia 6 and 7 wells are expected to be completed with a subsurface pump whereafter two development wells and two appraisal wells are planned to be drilled to the top of the Thebes formation at around 1500 ft.

• Final rig inspection by MENA is expected to be completed in the next 10-14 days.

• Petroservices 750 HP rig Shams 1 has completed customs inspection.

• MENA Hydrocarbons Inc. announce that it has entered into an agreement for the appointment of Omar Nasser as Director of Corporate Development of MENA based in Cairo.
• Acquisition of a private company focussed on the acquisition of oil & gas exploration and production opportunities in the Middle East and North Africa region.

MENA Hydrocarbons Who's Who

MENA Hydrocarbons Offices