Middle East Economic Survey


No 31



Madalena Prepares To Drill In The Ghadames Basin

Canadas Madalena Ventures plans to drill an exploration well on the Remada Sud permit in southern Tunisia by the end of 2007 with its partner Storm Ventures International, having conducted a 2D seismic program on the block during Q2 2007. Madalena will pay 30% of the well costs to earn a 15% working interest in 2,428 sq km of the onshore exploration block in the Ghadames Basin. The first...