East Lagia

The East Lagia block is an area of 2,242 Km2 and is located in Sinai, Egypt. It was awarded to Vegas as a sole participant and operator in November 2013.

The Concession is currently in the second exploration phase which expires in June 2023. However all financial commitments of the current exploration phase have already been fulfilled. In addition, there is a third exploration phase of another 2 years should the company decide to use it.

Up to now, 768 line km of 2D seismic and 124 km2 of 3D seismic have been acquired. By August 2022, the first exploratory well will be drilled in the SW region. Within 2023-24 some 660 km2 of 3D seismic will be acquired and at least one exploratory well will be drilled in the eastern region of the concession.