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 March 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, some 770 km of 2D seismic have been acquired and multiple prospects have been identified. Within 2021 at least another 120 km2 of 3D seismic will be acquired and one exploration well will be drilled.