Knight Metals Ltd. reports that DualEx Tunisia Inc. has entered into a contract with CGGVeritas Services SA, one of the world’s largest geophysical service providers, to shoot a 55 square kilometers 3D seismic survey over the Bouhajla North Prospect on the Bouhajla Permit, onshore Tunisia.
Surveying and permitting is scheduled to begin in January 2012, with field recording anticipated to be completed around the end of February 2012.
On December 2, 2011, Knight Metals completed the transaction to acquire Watutatu Inc. (“Watutatu”), a private Ontario company with certain oil and gas assets in Tunisia, North Africa.
Knight Metals, through Watutatu, has a right to earn 47.5% of DualEx’s share in the Bouhajla Production Sharing Contract by spending US$7,250,000 on the Bouhajla Permit, covering 416 square kilometers, located onshore in the Pelagian Basin of east-central Tunisia.
