Vintage Petroleum has initiated its second exploratory campaign in the Republic of Yemen. The first well in the current program, the Osaylan No. 1, is currently drilling at 3,869 feet with a projected total depth of 7,350 feet. Primary objectives are the Alif and Lam formations. Vintage has a 75 percent working interest in the 850,000 acre S-1 Damis block and is operator.
Vintage Petroleum is an independent energy company engaged in the acquisition, exploitation, exploration and development of oil and gas properties and the marketing of natural gas and crude oil. Company headquarters are in Tulsa, Oklahoma, and its common shares are traded on the New York Stock Exchange under the symbol VPI. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
