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ADX receives exploration extension offshore Tunisia

14th August 2014

ADX Energy has announced that the Tunisian authorities (Comité Consultatif des Hydrocarbures) have approved a two year extension of the exploration period for the Kerkouane permit offshore Tunisia to 21 February 2016

ADX receives exploration extension offshore Tunisia
Prior to drilling the next well, ADX is seeking to divest part of its interest

The ADX operated contiguous Sicily Channel blocks Kerkouane (Tunisia) and Pantelleria (Italy) contain an attractive portfolio of appraisal and exploration  prospects such as the Dougga West prospect with its several targets and the  Dougga gas condensate field, which are also covered by the dual sensor  Geostreamer 3D seismic acquired in 2010.

Prior to drilling the next well, ADX is seeking to divest part of its interest.

Several interested companies are currently reviewing the asset and ADX will update the market as soon as a legally binding offer has been made.  

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