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Gulfsands Petroleum (LON:GPX.L) report:Tunisia drilling updates
August 31, 2010, Tuesday, 17:12 GMT | 12:12 EST | 21:42 IST | 00:12 SGT
By Daniel Stewart & Co
- Australian listed ADX Energy, the operator of the Kerkouane exploration license, reports that it has drilled from 2,291m through the Aboid formation to a current depth of 2,785m
- Plans are to drill to total depth and then proceed with formation evaluation and petrophysical analysis
- Gulfsands is in the process of acquiring a 30% interest in the Kerkouane Licence and Pantelleria Permit
- Gulfsands expects to participate in the drilling of another exploration well before the end of 2010 in the onshore Chorbane permit, to earn a 40% participating interest
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