Hunt Oil Signs Agreement for Block 51 in Oman

Oman Hunt Oil Co. signed an oil concession agreement with the government of Oman for exploration and production in the eastern part of Oman. Under the agreement for exploration in block 51 of eastern Oman, Oman Hunt Oil will invest US $7 million to US $11 million in seismic surveys and drilling activities over an unspecified number of years. The government of Oman will not bear any financial burden.