RE: News on multiple fronts26 Jan 2022 15:22
these prospects looks good
Texas oil
Tunisia has
Permian Basin
A re-completion is scheduled this month in a well that was never fully completed. This is in a new zone that is otherwise prolific in the area. If successful, this could add low-cost production while also creating additional, similar future opportunities.
As Company cashflow has significantly improved, it is intended to accelerate growth by drilling new development wells. Planning is underway in the same proven area of the Permian Basin. The Company anticipates operating with at least 90% working interest, giving it more control over timing.
The Company continues to work towards diversifying our asset base by adding prospective exploration acreage outside the US. This is potentially via a large Tunisian block as previously announced on 21 April 2021, comprising existing discoveries and highly attractive exploration acreage. The Company is currently working to finalise the permit agreements.