Introduction
Capricorn brought Tunisian interests into its portfolio when medOil plc and Plectrum Petroleum plc were acquired in 2007.
Capricorn, through its Tunisian based subsidiaries, has 50% interest in the Nabeul permit and a 100% interest in the Louza PSC, offshore Tunisia. The Nabeul permit is valid for five years effective January 2008, renewable for a further six years and the Louza permit for three years, renewable for a further six years, from September 2007.
Subject to relevant Government approvals, a 15% interest in each asset is currently being transferred to Dyas BV.
Capricorn has developed a varied prospect portfolio and site surveys have been completed for a number of exploration well locations in both the Louza and Nabeul permits.
Local Imagery Click to view
