On july 9th I received a friendly email from Sonja Warter (thanking you again, as I did on Ariva ;-)), after having waited nearly 3 weeks since my first enquiry. She wrote that ADX is awaiting the ratification of the Parta concession and that it would take place in the next weeks. Within a month after ratification ADX will start with seismic activities. Farming out in the sicily channel is underway - should be completed by this year. (about 30% farm-out is expected). And next year will be the year of Lambouka/Dougga, Pantelleria (!) and Parta. (Yes, you got it right - Pantelleria is again in focus; I guess because Italy has signaled to cancel the restriction on exploring/drilling offshore). And finally the partners are evaluating the results of SD to decide where to continue onshore exploration in Tunisia/Chorbane and that an offshoot of Chaal on Chorbane could be the next target. ---- It seems that it would be not so unrealistic to assume that ADX may have already extended the license on Chorbane. But maybe you could give a hint on the source of your information, to validate it further. Thanks in advance.
Best regards, Oki-Wan 2.0
ADX Price at posting:
2.4¢ Sentiment: Hold Disclosure: Held
