Bargou Prospecting Permit
(Click to Enlarge)
Cooper Energy has been informed that the award of the 4,476 square kilometer Bargou Prospecting Permit in the Gulf of Hammamet, offshore Tunisia, has been published in the Tunisian Government Official Gazette No. 31 dated April 18, 2006.
The publication of the award of the permit commences the validity period on the same date. The two year validity period therefore commences on April 18, 2006 and expires on April 17, 2008. Upon expiry of the Prospecting Permit, Cooper Energy has the option to renew the permit as an Exploration Permit, which has a 5 year life.
The committed work program in the two year validity period is as follows:
- Geology and geophysical studies
- Reprocess 5,000 km of 2D seismic
- Acquire, process and interpret 200 km of 2D seismic
- Minimum expenditure of US$935,000
Cooper Energy is pleased to be awarded the permit and is looking forward to maturing a number of leads and prospects on the permit and working with ETAP, the Tunisian National Oil Company.
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you
need utilization and industry trends or detailed reports on future rig contracts. Subscribing
to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports
using hundreds of available data columns. For more information about a RigLogix subscription,