ADX to start testing Sidi Dhaher-1 well in Tunisia

ADX_Tunisia_3ADX Energy will begin testing its Sidi Dhaher-1 well onshore central Tunisia. ADX Energy has announced that it is to begin testing its Sidi Dhaher-1 well onshore central Tunisia

Scheduling to move the rig and auxiliary equipment to the well site in the 2,428 sq km Chorbane permit is currently underway with key site personnel in place. Testing operations are expected to commence within approximately three weeks with initial results anticipated by the end of March 2012. The permit is near the port city of Sfax and surrounded by several producing oil fields and extensive oil and gas infrastructure.

ADX is also undertaking preparations for an extended well test to establish long term flow performance in the event of a successful test. The company has previously estimated the mean contingent oil in place resource volume 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.

Participant interests in the Sidi Dhaher -1 well are; ADX Energy Ltd (40 per cent; operator), Gulfsands Petroleum Plc (40 per cent), XState Resources Ltd 10 per cent and Verus Investments Limited 10 per cent.

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