Exploration

DX reported following an assessment of the security situation in Tunisia that ADX is continuing its preparations for the drilling of the Sidi Dhaher well in its onshore operated Chorbane block. The assessment of security and safety of personnel at the Sidi Dhaher well site and its operations office in Tunis has been in close consultation with the Companys numerous Tunisian contacts in country.p style="margin-top: 0.49cm; margin-bottom: 0.49cm;">DX reported following an assessment of the security situation in Tunisia that ADX is continuing its preparations for the drilling of the Sidi Dhaher well in its onshore operated Chorbane block. The assessment of security and safety of personnel at the Sidi Dhaher well site and its operations office in Tunis has been in close consultation with the Companys numerous Tunisian contacts in country.

ADX ENERGY HAVE announced that the Government of Tunisia has approved the renewal of the Kerkouane exploration license, and has granted three more years for exploration and appraisal activities until, Feb. 22, 2014. At that point, the exploration license can then be renewed for another three years.p style="margin-top: 0.49cm; margin-bottom: 0.49cm;">ADX ENERGY HAVE announced that the Government of Tunisia has approved the renewal of the Kerkouane exploration license, and has granted three more years for exploration and appraisal activities until, Feb. 22, 2014. At that point, the exploration license can then be renewed for another three years.

BRAZILIAN OIL PLAYER HRT, currently probing offshore Namibia, rose to a record in Sao Paulo trading after another company exploring in nearby blocks increased its reserve estimates.p style="margin-bottom: 0cm;">BRAZILIAN OIL PLAYER HRT, currently probing offshore Namibia, rose to a record in Sao Paulo trading after another company exploring in nearby blocks increased its reserve estimates.

Chariot O&G estimates its Southern License 2714A, offshore Namibia, holds an additional 3.1bn barrels of gross unrisked mean prospective resources. New technical studies of the 3D seismic data acquired across the block found additional resources within a single mega-structure.