9thJanuary 2012
ADX: Rig agreement signed for test of Sidi Dhaher Discovery ADX Energy Limited (ASX:ADX) is pleased to announce that a LOI (Letter of Intent) has been signed with DIETSWELL SA, for the provision of the Sedlar-160 drilling rig. Following bid clarification and final contract execution, the rig and equipment will be moved to the Sidi Dhaher-1 location and the well prepared for testing.
ADX has previously estimated the mean contingent oil in place
resource for the Sidi Dhaher oil discovery to be 51 mmbbls.
The confirmation of recoverable volumes and resulting
potential reserves are contingent upon a successful well test
with the objective of proving commercial flow rates and
likely recovery factors.
The Sidi Dhaher discovery is located in the
2,428km2 large Chorbane Exploration Permit
onshore central Tunisia near the port city of Sfax. It is
surrounded by several producing oil fields and extensive oil
and gas infrastructure.
Participant interests in the Chorbane permit and the Sidi
Dhaher -1 well are as follows;
ADX Energy Ltd | 40% | Operator |
Gulfsands Petroleum Plc | 40% | |
XState Resources Ltd | 10% | (ASX code: XST) |
Verus Investments Limited For further details please contact: | 10% | (ASX code: VIL) |
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Documents associés | |
ASX Release - Sidi Dhaher-1 Rig agreement signed |