courtesy Melrose

Edinburgh-based Melrose Resources in Egypt declared test results at the West Khilala-5 well confirm a consistent gas reservoir across the northern limits of the field, and the company hinted a production tie-back was in order.

While the West Dikimis 6 well was “disappointing”, the West Dikimis field is 75-percent developed. First production at Dikimis is due this autumn.

Melrose share prices have fallen steadily since January 2007 and were flat on the news.

Melrose owns interests in two large exploration concessions and nine development leases in the Nile Delta.