Tunisia

A group led by ADX Energy Ltd., Perth, has spudded the Lambouka-1 exploratory well on the Kerkouane license in the Sicily Channel off Tunisia.

July 12, 2010

By OGJ editors
HOUSTON, July 12 – A group led by ADX Energy Ltd., Perth, has spudded the Lambouka-1 exploratory well on the Kerkouane license in the Sicily Channel off Tunisia.

Lambouka, which straddles Kerkouane and the Pantelleria license off Italy, is a 70-sq km tilted horst block 160 km northeast of Tunis that contains three potentially hydrocarbon-bearing reservoirs. It is one of the largest undrilled prospects in the Mediterranean. Projected TD is 3,000 m.

ADX, through its subsidiary Alpine Oil & Gas Pty. Ltd., is operator with 30% interest, Gulfsands Petroleum PLC has 30%, Carnavale Resources Ltd. 20%, Bombora Energy Ltd. 10%, and PharmAust Ltd. 10%.