CYGAM Energy Inc. provide an operational update regarding the TT Field in the Bir Ben Tartar Production Concession (the "BBT Concession") in Tunisia. Through a wholly-owned subsidiary, CYGAM holds a 14% working interest in the Concession. Partners in the concession are block holder, Enterprise Tunisienne D'Activites de Petrolieres (ETAP) and Chinook Energy (86% interest and operator).
BBT Concession Production Update
Gross production from the TT Field has averaged 2,242 bopd (197 bopd net to CYGAM and post ETAP) during the fourth quarter of 2013. Average field water cut over the same period was stable at 29.5%.