Middle East Economic Survey
VOL. LIII
No 13
29-March-2010
TUNISIA
AuDAX Signs Farm-Out Agreements For Tunisian Permits
Gulfsands Petroleum has acquired a working interest in two Tunisian exploration permits from AuDAX Resources, one onshore and one offshore, it said on 22 March. The company acquired a 40% interest in the onshore Chorbane permit in central Tunisia near Sfax, which covers an area of 2,428 sq km. The forward commitment will require the company to pay for 80% of the cost of the first...
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