Thursday, 27 November 2008

PA Resources finds oil in Tunisia

Swedish oil company PA Resources struck oil at its Didon North prospect offshore in Tunisia. Logging and pressure data prove the presence of an oil column of 14 metres.

The discovery confirms the exploration potential in the Zarat area, where oil discoveries have been made at the Zarat and Elyssa as well as at Didon.

PA Resources is operator and has 100 percent of the Zarat permit, but Tunisian state oil company ETAP can acquire up to a 55 percent working interest if a discovery is deemed commercial.

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