East Lagia Bid Accepted by EGPC

Vegas Oil & Gas has been notified that its bid for the East Lagia concession has been accepted by EGPC. The block was offered in the 2011 EGPC bid round. The bid was accepted on 7th November, 2012.

The East Lagia concession is located onshore in the Sinai peninsula and covers an area of 2,989 km2. Vegas will be the operator with a 100% working interest.