Syria

The Company signed an agreement with the government of Syria in March of 1989 for Block V totaling 4,500 square kilometers in the north central portion of Syria along the Euphrates River.  Thirty million dollars was spent by Neste on behalf of the joint venture. Three wells were drilled with substantial oil shows, but were deemed non-commercial because of the heavy gravity of the oil.

The Company retains significant influence in Syria and has identified additional prospective areas.

                             RIG HANDS IN SYRIA                                                            SEISMIC ACQUISITION