Middle East Economic Survey

VOL. LIII

No 19

10-May-2010

TUNISIA

XState Acquires Tunisian Assets Through Purchase Of Bombora Energy

Australias XState Resources has signed a conditional agreement to acquire 100% of Bombora Energy, which has interests in Tunisian exploration and production permits, it said on 4 May. Bombora recently acquired a 10% stake in the onshore Chorbane permit in Tunisia, where drilling is scheduled for November (MEES, 29 March). Bombora also holds a 10% interest in two...