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 Company's numerous Tunisian contacts in country.
EGYPT IS AIMING to attract $2.5bn worth of new investments in its oil sector with with as many as 18 oil concessions to be offered on bidding.
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.
NORTH AFRICA-FOCUSED contractor Challenger will provide drilling rig services to ADX Energy’s Sidi Dhaher-1 well within the Chorbane exploration permit in Tunisia.
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'.
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