Independent Resources has now received the results of the Scotforth Limited remote sensing hydrocarbon survey ('RSDD-H') of the Ksar Hadada permit in Tunisia.
The survey and its attendant report were commissioned on 9 July 2015; they were completed and delivered to IRG within schedule.
The survey has identified the presence of what are considered to be material hydrocarbon prospects within the permit area. Some of the prospects had not previously been identified by other technologies.
The results reinforce our belief that there are multiple drillable low risk prospects within the permit.
Even at today's low oil prices, we believe that these prospects are economic based on the expected volumes and probable rates of hydrocarbon flow and decline.