ADX gets Dougga boost

Australia’s ADX Energy said it was encouraged by the results of an independent report of its Dougga gas condensate discovery on the Kerkouane permit, offshore Tunisia.

The report by Tracs-AGR placed estimated recoverable contingent resources at 191 billion cubic feet of gas and 41 million barrels of liquid condensate.

It added that total mean gas in place, based on 3D seismic and data from the Dougga-1 well, was estimated at 618 Bcf.

ADX said the 3D seismic also revealed the potential for a thicker high quality reservoir further updip from the Dougga-1 well intersection.

“This independent review by a highly reputable resource certification company has resulted in a number of encouraging findings which indicate that the Dougga gas field is a potentially viable resource and that the planned Dougga appraisal well is an important next step to confirming its commercial potential,” ADX said in an announcement to the Australian Securities Exchange.

The company added that it planned to be ready to drill the appraisal well by early next year.
ADX holds a 60% interest and is operator of the Kerkouane permit along with its joint venture partners Gulfsands Petroleum holding 30% and XState Resources holding the remaining 10%.


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