EXPLORATORY DRILLING NEAR IN NORTHERN NAMIBIA

The first significant modern exploration is scheduled this fall in practically unexplored Namibia. Overseas Petroleum Investment Corp. (OPIC), Taipei, an affiliate of Chinese Petroleum Corp., plans to spud the first well in September on the 64 million acre Etosha Petroleum Co. (Pty.) Ltd. concession. The well is to be drilled in the Oponono deep basin area north of the Etosha wildlife park. Projected depth is 13,500-15,000 ft. The well, with oil as the target, will be drilled about 200 miles

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