Middle East Economic Survey

VOL. LIII

No 20

17-May-2010

TUNISIA

AuDAX Confirms Lambouka Exploration Well Location

AuDAX Resources has completed the processing of new 3D seismic data on its offshore Tunisian Lambouka prospect, confirming the optimal drilling location for its first exploration well, it said on 12 May. The prospect is located on the Kerkouane block, adjacent to Italys G.R15.PU permit. Gulfsands Petroleum, which recently acquired a 20% interest in both permits, will pay $20mn for the...