ADX Energy Ltd (ASX:ADX) is pleased to announce that the Tunisian Authorities (Comité Consultatif des Hydrocarbures) have approved the renewal of the Exploration period for the Chorbane permit onshore Tunisia for three years to the 12th of July 2015. Under the terms of the license 20% of the permit area will be relinquished.
The agreed minimum work obligation for this three year period is to drill one Exploration well to a depth of at least 2500 meters.
XST and VIL are out?
"20% relinquished"
Than means no xst or vil using basic maths.
but the ANN still mentions them.
Hmmmm
to permit or not to permit, page-16
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