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Vegas assumes operatorship of West Obayed Concession

VegasĀ is pleased to announce that the Egyptian Authorities have now approved the assignment of 70% participating interest in West Obayed Concession to Vegas West Obayed LimitedĀ (see older announcement ). Under the terms of the assignment, Vegas West Obayed Limited has assumed operatorship as of 12 October 2011 and will work together with Hellenic Petroleum S.A. to accelerate exploration activities in this area.