HANBO JORDAN AGREEMENT CALLS FOR FIVE WELLS

Hanbo Energy Co. Ltd.'s production sharing agreement with Jordan's Natural Resources Authority calls for the drilling of five wells during three 2 year exploration terms (OGJ, Aug. 10, p. 72). The first two year exploration term covering the Seoul company's 15,592 sq km Risha area and 6,171 sq km Sirhan areas calls for $10 million in spending on seismic acquisition and reprocessing as necessary and the drilling of two wells. Requirements are $4 million and two wells in the second

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