Tunisia

By OGJ editors
HOUSTON, Mar. 23 – Bombora Energy Pty. Ltd., private Perth explorer, took a farmout from AuDAX Resources Ltd., Perth, to participate in exploring the Chorbane Permit onshore Tunisia.

Bombora will earn a 10% interest in the permit by paying 20% of the first exploration well. Chorbane covers 2,428 sq km near Sfax. The Chorbane work commitment is to drill one exploration well.

Several producing oil fields and extensive oil and gas facilities surround Chorbane. Previous exploration identified a number of prospects and leads, the most prospective being the large Sidi Daher tilted horst block with multiple targets and a recoverable resource AuDAX estimated at 120 million bbl of oil equivalent.