Independent Resources wants change to Tunisia licence
Independent Resources plc (LON:IRG) has applied for a one year extension to the Ksar Hadada permit in Tunisia.
The application, made by local minority partner ETAP, is expected to be heard by the appropriate body later this quarter and if successful the extension will run until 7 August 2017.
IRG wants the obligations under the permit changed slightly to up to 300 sq km of 3D seismic and the drilling of two new exploratory wells instead a new exploration well and one re-entry.
This will enable it to explore the Acacus play highlighted by a RSDD-H survey carried out in 2015.
Greg Coleman, chief executive, said:
“We have been engaged in ongoing discussions with ETAP in order to prepare our application for the extension and to advance our scope to target the exploration potential we see in the Acacus.
“We believe the proposed work programme offers greater potential to complete a successful exploration programme on the permit and look forward to receiving CCH approval in order to progress discussions with potential farm-in partners.”
Source: Independent Resources plc
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