HUNT ASSERTS FIRST RIGHTS TO YEMENI GAS FOR LNG EXPORT PROJECT

Don't count the Hunt Oil Co. group out of a project to export liquefied natural gas from Yemen, says Ray L. Hunt. The chairman and chief executive officer of Hunt Oil confirms that his company and partner Exxon Corp. are engaged in "continuing discussions" with Yemeni government officials about construction of an LNG project in Yemen. Hunt cited the "strong commitment" of Hunt and Exxon to rapidly develop the project when government approvals are received.

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