from the DGO 2012 full year results conference call
On the diversification, the exploration period for the Tunisian Bargou Exploration Permit is extended for one more year. The rig is scheduled to spud the first well in late March of this year and our exploration manager currently in Tunisia visiting the site and visiting the people on-site with our colleagues from Cooper Energy and we anticipate those results to be available in the second half of this year and based on the results of this well, a decision will be made whether it is commercial, then we'll put in a development plan and embark on additional drilling and platform installations in that area.
could move pretty quickly..
JKA Price at posting:
12.2¢ Sentiment: LT Buy Disclosure: Held