Independent Resources has now received formal confirmation that the meeting of the Consultative Commission on Hydrocarbons of Tunisia (CCH), held on 7 August 2014, approved the extension of the Ksar Hadada licence to April 2016.

Independent Resources Ksar Hadada Limited, a wholly owned subsidiary of the Company, has been appointed as the Operator of the Ksar Hadada licence with a revised working interest in the Production Sharing Contract of 86.345%.

The Ksar Hadada exploration permit (the "Ksar Hadada Permit") covers an onshore area of 2,252 square kilometres in south-east Tunisia. The primary targets on the Ksar Hadada block are the Ordovician Bir Ben Tartar quartzite and the Silurian Acacus sandstone, sourced by the basal member of the Silurian Tanezzuft shale, which is the main source rock for North Africa.

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