Tunisia: Circle Oil expands
Issue 260
- 09 Aug 2013
| 1 minute read
Circle Oil has expanded its acreage in Tunisia, raising its stake in the offshore Mahdia licence and farming into the Beni Khaled permit. Circle has agreed to acquire a 30% stake in Mahdia for $3m, increasing its holding to 100%. Broker Investec said the acquisition underlined Circle’s confidence in the El Medouini prospect, where a well is planned for H1 2014.
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