Dougga Gas Discovery - Independent Evaluation Results
Tuesday 17 July 2018
ADX Energy Ltd announced that an independent evaluation of the Dougga Gas Condensate discovery (Dougga) and potential extension of Dougga - the Dougga South West prospect (Dougga SW) offshore Tunisia has been completed by ERC Equipoise Pte Ltd (ERCE) on behalf of ADX. ADX is the 100% equity holder and operator of the Kerkouane license. For Dougga, the evaluation report includes a review and evaluation of geological and geophysical data, reservoir engineering modelling data and recovery factors, Contingent Resources quantification, development concept maturity, facilities engineering review, project schedule, project flow assurance and the suitability of the planned appraisal well. For the adjacent Dougga SW undrilled prospect, the evaluation includes the review and evaluation of geological and geophysical data, Prospective Resources quantification and risking. The evaluation report by ERCE does not include other exploration potential within the Kerkouane license.