ADX Energy Oil Company is finalizing two farm-out contracts related to the Chorbane permit.
It is seeking the permit to be able to launch a seismic acquisition campaign next year. It works to get the license as soon as possible because its plans require commencing drilling in two years.
In addition, ADX said it will be able to have the funds necessary for its operation, provided that it receives relevant documents from the Tunisian authorities, in time.
