Offshore staff

WEST PERTH, Australia – ADX Energy Ltd. says Shell Tunisia Offshore GmbH has completed a 2D seismic acquisition program over the Kerkouane-1 discovery area in the Mediterranean.

The data is part of a long-offset survey operated by Shell in its neighboring Azmour and Raf Raf blocks. Under the agreement, ADX and its partners get 104 km (65 mi) of 2D seismic in the area around the gas discovery well.

The objective of this seismic data acquisition was to transform the Kerkouane-1 discovery and adjacent leads such as a large Pliocene lead into drillable appraisal and exploration projects, said ADX.

The Kerkouane-1 well and its sidetrack drilled by Shell in 1981 had well control issues including gas kicks and gas influx at relatively shallow reservoir levels. Solvent cut oil shows in side wall cores suggest an oil rim potential. The well never reached the main Cretaceous target which is also the main gas condensate bearing reservoir in the Dougga appraisal project.

Due to the large size of the Kerkouane-1 structure the resource potential can be expected to be in the order of the Dougga and Lambouka discoveries.

ADX Energy Ltd with 60% is operator for Gulfsands Petroleum Plc (30%) and XState Resources Ltd (10%).

08/23/2011