Mediterranean updates Tunisia drilling

Mediterranean Oil & Gas plc provides the following operational update on its exploration well Teboursouk 1 (TEB1) in Tunisia (Range Operator; MOG 25%).

CTF - Rig 06 is currently drilling at 1616 m of depth. During the week the well drilled an alternance of beige to dark limestones and dark marls both rich in organic matter. Gas shows of 0.5% to 3.3% have been recorded during drilling.

The well logs, carried out over the weekend, are showing that the well drilled at least 5 metres of oil bearing dark limestones in the Bahloul Formation, inside the well’s secondary target. The Bahloul Formation is considered as a good source rock in the region.

The permeability of these limestones was measured as low and it was not possible to sample any oil. A full evaluation of well logs results is ongoing. No decision to test the oil bearing interval/s has been taken as yet and the position will be evaluated once the well has reached the forecast total depth.

The program is now to proceed with the set up of 9 5/8 inch casing and continue to drill.