Abacan Resource Corporation - Update.
CALGARY, Alberta--(BUSINESS WIRE)--Nov. 6, 1998--Abacan Resource Corp(NASDAQ:ABACF) (TSE:ABC.) The Corporation (TSE:ABC;NASDAQ:ABACF) at the request of The Toronto Stock Exchange, announces that there are no material changes in the affairs of the Corporation. As previously announced, the Corporation is continuing to advance negotiations with both Enron Power Benin Benin, which was probably founded in the 13th cent. and flourished from the 14th through the 17th cent. The kingdom was ruled by the Oba and a sophisticated bureaucracy. From the late 15th cent. Benin traded slaves as well as ivory, pepper, and cloth to Europeans. In the early 16th cent. the Oba sent an ambassador to Lisbon, and the king of Portugal sent missionaries to Benin. The kingdom of Benin declined after 1700, but revived in the 19th cent. Limited and the government of Benin in respect of its previously announced electrical generation power plant to be located in Cotonou Cotonou (kōtōn `), city (1992 pop. 536,827), capital of Atlantique prov., S Benin, on the Gulf of Guinea. It is Benin's chief seaport and commercial center. Cotonou's airport and road and rail connections also make it the transportation and communications hub of Benin., Benin and is also continuing to pursue opportunities to exploit its large land holdings in the Benin Basin.
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