HD,
Kairiki Energy Limited (KIK) elected not to extend the closing date for the acquisition of the on shore Chorbane Permit in Tunisia past 31 October 2008 and as a result did not complete the proposed transaction which was continued by ADX. I assume ETAP had to confirm the PSC with ADX after a time extension when KIK backed. ADX now hold 100% of the permit which is in a highly prospective area.
ADX announced in June they had "commenced farm out activities and farm in negotiations with several interested parties which were ongoing."
ADX intend to farm out 50% of Chorbane with an exploration well 2010 - 2011(GM Presentation 29 July).
tunisia chorbane deal, page-2
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Last
10.0¢ |
Change
0.002(2.04%) |
Mkt cap ! $57.28M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 9.8¢ | $22.99K | 230.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 9.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 59365 | 2 |
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