Turning now to our field operations, our hopes that some further areas in the Hurghada field would prove productive were not borne out by the results of our drilling. The footage drilled was 6,858 ít, as against 4,750 ft. in the previous year. Five wells were completed, of which only one, drilled on the eastern anticline, gave a satisfactory production, In spite of this, we were able to show a small increase in the production over that of the previous year—an event which has not happened since 1931. There are still a few locations to be drilled, but, having regard to the results obtained from the majority of wells recently completed, a cautious view must bs taken of their prospects. Drilling was undertaken on the small structure to the north of the main field, referred to in my speech last y but no production was obtained.
To secure an addition to our oil-
Dividend: Additional its Granted rotary rig which will enable a test well to be completed much more rapidly and to a much greater depth than with the cable tool system. which is_still employed for the comparatively shallow drilling at Hurg hada.
Text read from the printed page and cleaned; old type leaves the occasional error.