One-Page Deal Sheet
DNO Farms-In to Two Tunisian Permits
Dno International Asa Sfax Offshore Exploration
Announced Date
June 05,2013
Close Date
January 20,2014
Transaction Type
Farm-In/Farm Out
Asset/Basin:
{"Gulf of Gabes"}
Location
Region
Mediterranean/N. Africa
Country
Tunisia
Transaction Details: Subscribe to see
DNO International ASA, the Norwegian oil and gas company, today announced that its wholly-owned subsidiary DNO Tunisia AS has entered into a farm-out agreement with respect of the Sfax Offshore Exploration Permit and the Ras El Besh Concession in the Republic of Tunisia.
The agreement contemplates the transfer to DNO Tunisia of an 87.5 percent participating (100 percent paying) interest in the permit and the concession from Atlas Petroleum Exploration Worldwide, Inc. and Eurogas International, Ltd. DNO Tunisia will assume operatorship and a prorata share of the existing cost oil pool…
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