Middle East Economic Survey

VOL. XLVIII

No 21

23-May-2005

TUNISIA

Paladin Reports Oil And Gas Discovery At Nour-1 Well

UK independent Paladin Resources on 16 May reported the discovery and successful testing for oil and gas at the Nour-1 exploration well located in the Adam concession in southern Tunisia. Paladin said the well was spudded on 14 March and encountered an aggregate 48ms of net oil and gas condensate pay, and 10ms of net gas pay in the Acacus and Tannezuft formations over a gross...