Resources plc (Dunraven) is offering a select
group of companies the opportunity to acquire an interest
in the highly attractive Mahdia Block, offshore Tunisia.
up to a 50% interest in a large, highly prospective
block, located in a region with a proven hydrocarbon
system and multiple play-types;
inferred oil discovery, EMD East, in 243 m of water
with oil in the Oligocene Ketatna Formation having potential
P50 recoverable resources of 63 MMbbls, with a P10 of
in well EMD-2 to be drilled to a target depth of 1,762
m TVDss. Drilling costs are estimated as USD 17.7 million.
In the success case, a full suite of logs will be run
together with drill stem testing in order to ultimately
progress the EMD East field to development. Testing
costs are estimated as an additional USD 7.2 million
for the primary Ketatna target;
additional prospects defined by 3D seismic data in the EMD
area having a total of 88 MMbbls of potential mean recoverable
leads outside the 3D seismic coverage area that may be progressed
to drillable prospects via the acquisition of additional
3D seismic data.