Sign up Australia
Proactive Investors - Run By Investors For Investors

Xstate Resources Sidi Dhaher well spudded in Tunisia

Xstate Resources Sidi Dhaher well spudded in Tunisia

XState Resources (ASX:XST) will undoubtedly be pleased with the announcement by ADX Energy (ASX:ADX) that the Sidi Dhaher-1 well in the Chorbane licence, onshore Tunisia, spudded at 07:00 am GMT, Saturday 27 August 2011.

There had been delays as the rig moved tp the well site and along the access road.

The current operation is drilling the 16” hole. Sidi Dhaher-1 has a planned total depth of 2,168 metres and is expected to take about 33 days to drill. Additional time will be required in the event of formation testing.

The Sidi Dhaher prospect 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. The Sidi Dhaher well is targeting an Eocene reservoir with estimated prospective resources of 175 billion cubic feet (5 billion m³) of recoverable gas and a Cretaceous reservoir with estimated prospective resources of 44 million barrels (5.9 million tons) of oil.

Additional targets exist in the deeper Douleb and Bireno reservoirs that produce oil and gas in the Guebiba-El Hajeb field immediately east of the Chorbane permit

Participant interests in the Sidi Dhaher -1 well will be as follows;

ADX Energy Ltd 40% Operator (ASX: ADX)
Gulfsands Petroleum plc 40% *
XState Resources Ltd 10% * (ASX: XST)
Verus Investments Limited 10% * (ASX: VIL)

View full XST profile View Profile

Xstate Resources Ltd Timeline

Newswire
February 15 2017
Newswire
August 31 2015

Related Articles

page of words with the word acquisition highlighted in yellow
October 05 2018
A comprehensive exploration program will commence upon transaction completion.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use