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Friday, April 22, 2016
Independent Resources’ unit in Tunisia, Independent Resources Ksar Hadada (IRKH), reported that ETAP has, at the request of IRKH, submitted an application for a one-year extension to Tunisia’s permitting authority Direction Générale de l’Energie (DGE).
The application is expected to be heard by the Comité Consultatif des Hydrocarbures during Q2 and if successful the extension will run from the current expiry date until August 7, 2017.
The proposed minimum work obligation for the Permit will comprise the acquisition, processing and interpretation of up to 300 sq km of 3D seismic, and the drilling of two new exploration wells replacing the obligation to drill one new well and re-enter a well drilled previously on the permit.
The location of the additional exploratory well will be chosen collaboratively with ETAP and IRKH who are keen to target the greater exploration potential identified in the Acacus play through the technical work carried out by IRKH as operator and confirmed by the Scotforth RSDD-H survey carried out in 2015.
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