Tunisia: Nabeul permit 3D seismic survey completed

Cooper Energy Ltd., Perth, expects to have processed data available from the high-resolution 3D seismic survey on its Nabeul permit in the Gulf of Hammamet off Tunisia available for interpretation in the third quarter of 2012.

CGGVeritas shot 600 sq km of full-fold data on the 3,352 sq km permit in September through November 2011. Survey objectives were to mature the Alpha, Gamma, and Updip La Marsa leads in the western part of the permit adjacent to Birsa and Oudna oil fields.

The permit lies 80-150 km off Tunisia in 270-1,200 m of water and borders Italian waters. The main exploration play is Miocene Birsa formation sandstones. The 3D seismic is expected to enable the location of a well to be drilled by 2013.

Cooper Energy is operator with 85% interest, and Dyas BV has 15%.

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