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Strategies & Market Trends : Dino's Bar & Grill
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To: Andrew~ who wrote (1241)5/16/2013 8:40:40 PM
From: El CanadienseRead Replies (5) of 203020
 
They got it now...

The hydrocarbon committee in Tunisia has now formally approved a one-year extension for Africa Hydrocarbons Inc. to April 29, 2014. As previously announced in February, the operator (DualEx Energy International Inc.) and the Tunisian state oil company, Entreprise Tunisienne d'Activites Petrolieres, applied for a one-year extension of the first exploration period of the permit due to the possibility that the BHN-1 well would not be completed by the original expiry date of April 29, 2013.

The operator reports that rig move and rig up of the CTF-6 drilling rig is continuing at the company's BHN-1 exploration well site on the Bouhajla permit. Drilling is anticipated to start immediately after rig up is completed and will be announced by the company on or near the spud date. The BHN-1 well will be drilled on the Bouhajla North prospect to a planned total depth of 2,545 metres to evaluate a Cretaceous Abiod target analogous to the Sidi el Kilani field 25 kilometres to the east. The well is expected to take four to six weeks to reach total depth.

"We are glad that the approval process for the extension has now been completed and we can focus on the current drilling program, which is under way," stated John Nelson, chief executive officer of the company.
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