ADX Energy Limited reported that preparations for testing of Sidi Dhaher have now been completed.

It is expected that the contract for the Dietswell Rig will be formally signed in the coming days. Scheduling to move the rig and auxiliary equipment to the well site is currently underway with key site personnel in place. An operational work program has been agreed and finalized by the joint venture with testing operations expected to commence within approximately three weeks. Initial results are anticipated to be available by the end of March 2012.

The Sidi Dhaher discovery is located in the 937 square miles (2,428 square kilometers) large Chorbane Exploration Permit onshore central Tunisia near the port city of Sfax. It is surrounded by several producing oil fields and extensive oil and gas infrastructure.

Tags: ADX Energy Ltd