GULF CANADA &lt;GOC> ACQUIRES SUEZ OIL STAKE
  Gulf Canada Corp said it
  acquired a 25 pct working interest in the Gulf of Suez oil
  concession for undisclosed terms.
      The company said its agreement with operator Conoco
  Hurghada Inc and Hispanoil covered the 168,374-acre East
  Hurghada offshore concession. It said a 15.6 mln U.S. dlr
  four-well program was planned for 1987.
      After the acquisition, which is subject to Egyptian
  government approval, working interests in the Hurghada block
  will be Conoco Hurghada at 45 pct, Hispanoil 30 pct and Gulf
  Canada the balance.
  

