ADX Energy Limited reported that the contract with Dietswell SA, for the provision of the Sedlar - 160 drilling rig to flow test the Sidi Dhaher-1 oil discovery, has been signed. In addition, the testing program has been approved by Enterprise Tunisienne d'Activités Petrolieres (ETAP).
The rig and auxiliary equipment are currently being audited and critical equipment will be tested in the storage yard in the city of Sfax prior to mobilization to the Sidi Dhaher-1 well site. Well operations are expected to commence in approximately 16 days. We expect that initial test results will be available by mid April 2012.