IRG has signed an exclusive agreement with Scotforth Limited to undertake a remote sensing hydrocarbon survey of the Ksar Hadada permit in Tunisia. The intent is to complete this within 6 weeks. IRG is confident that this will allow it better to identify the hydrocarbon resource potential of the permit to support and improve the prospects of a farm-in.
If successful, IRG expects that it will allow it to accelerate the timing of the first well being drilled.
Greg Coleman, CEO of IRG commented: 'We are excited to have entered into this agreement with Scotforth and we are looking forward to working with them, seeing the results of their survey and sharing those results with potential farm-in partners.'
Peter Hutchison, MD of Scotforth Limited, commented: 'My team is delighted to be working with IRG. We are confident that, using our proprietary RSDD-H survey technology, we will rapidly map the hydrocarbon potential within the entire 2,252 sq. kms. Ksar Hadada permit area and provide IRG with technology informed insight that may prove vital for the next stage in their exploration.'