Project Profile
Location: Southern Tunisia
Area: 42,502 Acre
There are ten additional Silurian anomalies identified on the Chouech Essaida and Ech Chouech Concessions, many of them directly comparable to the CS Sil #1 structure. The company is assessing the local Tunisian market for a suitable drilling rig that is available as soon as possible. The company will update the market on its remaining 2011 capital program when appropriate.
The company averaged approximately 1,930 boepd during Q4 2010. During the first 6 weeks of Q1, 2011 average production was reduced to approximately 1,650 boepd due to a combination of transportation interruptions and the temporary shut in of two producing oil wells. The short term transportation issues appear to now be resolved and recent production is averaging approximately 1800 boepd. The company expects to commence work over operations on both of the shut-in wells this month with an expected 500 boepd of production being restored by the end of this quarter. Any incremental production from the Silurian, as mentioned above, will be in addition to these numbers.
Operator:
Serinus Energy: Operator with 100% interest