Circle Oil reported the following update regarding operations in its Grombalia permit.
The Bou Argoub-1 (BAB-1) exploration well in the South West Belli area of the Grombalia Permit, near to the Belli, El Manzah, and Beni Khaled fields has spud and commenced drilling Oct. 30, 2012.
The BAB-1 well has an expected total depth of 4,429 feet (1,350 meters) and is targeting a fault-bounded structural culmination crossing two vertically stacked fractured carbonate reservoirs, the Eocene Bou Dabbous Formation and the Late Cretaceous Abiod Formation. These are the main oil-producing formations in the north-eastern part of Tunisia.
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