Petroleum Africa
Find us on: 
Wednesday, July 18, 2018
ADX Energy saw its estimate of the resources of the Dougga gas condensate discovery in Tunisia increase. According to the company an independent evaluation of the discovery and potential extension of the Dougga, the Dougga South West prospect, was completed by ERC Equipoise (ERCE).
ADX is the 100% equity holder and operator of the Kerkouane license where the Dougga discovery is located
For Dougga, the evaluation report includes a review and evaluation of geological and geophysical data, reservoir engineering modelling data and recovery factors, Contingent Resources quantification, development concept maturity, facilities engineering review, project schedule, project flow assurance and the suitability of the planned appraisal well. For the adjacent Dougga SW undrilled prospect, the evaluation includes the review and evaluation of geological and geophysical data, Prospective Resources quantification and risking. The evaluation report by ERCE does not include other exploration potential within the Kerkouane license.
The company plans to drill and test the Dougga Sud appraisal well during Q1 2019 using the Noble Globe Trotter II drilling rig. ADX is also in discussions with a number of parties regarding funding the well.
The ERCE report will be used by ADX in support of ongoing financing discussions for the Dougga Sud appraisal well and as a potential compliance listing of ADX on the Alternative Investment Market (AIM) of the London Stock Exchange (LSE).
Ian Tchacos, Executive Chairman of ADX, commented: “The Board of ADX is pleased that ERCE has independently supported the detailed integrated subsurface, appraisal and development studies completed by ADX over the last 18 months with a view to progressing the commercialization of Dougga. While the resource estimates are lower than those of ADX they are significantly greater than the last independent review for Dougga which enhance the credibility of Dougga as a potentially significant resource which justifies ADX’s intended appraisal program. This independent evaluation supports ADX’s view that the Dougga gas condensate discovery is a potentially viable and important strategic resource with further upside potential identified at the relatively low risk Dougga SW prospect in a country that is supportive of hydrocarbon development and has a desperate requirement for gas, LPG and condensate.”
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
