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Candax Energy Inc CXEYF



GREY:CXEYF - Post by User

Post by BlindBat_1on Nov 01, 2012 9:36am
335 Views
Post# 20549074

Keep an eye on this....

Keep an eye on this....

The stated Belli and El Manzah fields are ours, succes at their end might rvive our interest proving the the field(s) have recharged themselves. Curious to see what they hit near the Robanna corner, we sure as heck have not had great success in 2012 in that corner.

Tunisia: Circle Oil spuds Bou Argoub-1 well on the Grombalia Permit in Tunisia


01 Nov 2012

Photo - see caption
Photo - see caption

Circle Oil has announced an update regarding operations in its Grombalia Permit. The Bou Argoub-1 (BAB-1) exploration well in the South West Belli area of the Grombalia Permit, near to the Belli, El Manzah, and Beni Khaled fields has spudded and commenced drilling on 30 October 2012.

The BAB-1 well has an expected total depth of 1,350 metres and is targeting a fault-bounded structural culmination crossing two vertically stacked fractured carbonate reservoirs, the Eocene Bou Dabbous Formation and the Late Cretaceous Abiod Formation. These are the main oil-producing formations in the north-eastern part of Tunisia.

Following completion of the BAB-1 well, the rig will move south to the Ras Marmour Permit in preparation to drill the Sedouikch commitment exploration well. This well has an expected total depth of 2,350metres and is targeting the Early Cretaceous Lower Meloussi sands, productive in the nearby Robanna and Mazrane Fields.

Further updates will be made in due course.

The Grombalia Permit covers an area of 2,792 sq kms. The partners include Exxoil Tunisie (64% working interest and operator) and Circle (36% working interest).

The Ras Marmour Permit covers an area of 1,604 sq kms. The partners include Exxoil Tunisie (77% working interest and operator) and Circle (23% working interest).

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