CANOXY SCORES AGAIN IN YEMEN

A group led by CanadianOxy Offshore International Co. has tested its fourth oil discovery on the Masila block in eastern Yemen. In addition, the group has received an extension of the exploration phase of its drilling and seismic program on the 6.8 million acre tract. CanOxy's latest success is 1 Hemiar, formerly designated Hamood. Drilled to 1,840 m, it had an initial production rate of 1,552 b/d from the Cretaceous Qishn with 14 m of net pay.

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