Independent Resources has identified hydrocarbon prospects at its Ksar Hadada permit in Tunisia.
A remote sensing hydrocarbon survey (“RSDD-H”) carried out by specialist firm Scotforth has helped indentify some prospects not previously identified by other technologies.
Independent said the results reinforced the company’s belief there are multiple drillable low risk prospects within the permit.
It added: “Even at today’s low oil prices, we believe these prospects are economic, based on the expected volumes and probable rates of hydrocarbon flow and decline.
“We believe that the use of RSDD-H has identified new prospects, de-risked some pre-existing prospects and determined areas that no longer appear to merit investment.”
The company will be updating potential farm-in partners to be able to fund the next phase of drilling.
“We will continue to work with Scotforth to take full advantage of their technical insights that allow us effectively to pursue potentially economic hydrocarbon resource targets within the entire permit area and contribute to the selection of exploration drill locations,” it added.
Independent Resources struck an exclusive agreement with Scotforth to carry out the remote sensing hydrocarbon survey.