(MENAFN - ProactiveInvestors - Australia) Jacka Resources (ASX:JKA) is moving the jack up rig GSP Jupiter to its Bargou project offshore Tunisia.
The final tow to Tunisia started on March 10 and the rig is expected to arrive at the well location in about two weeks.
The rig was previously working in the Black Sea and it was necessary to partially remove the jack-up legs and the drilling derrick in a Romanian shipyard for the tow through the Bosphorus, on its way to the Mediterranean.
Hammamet West-3 well will be spudded soon after arrival.
The Hammamet West-3 well will be a 570 metre horizontal test of the productivity of the naturally fractured Abiod Formation, in which the vertical well Hammamet West-2, drilled in 1990, showed 192 metre oil column.
The use of horizontal wells for commercial production of oil from the Abiod has been demonstrated in a number of fields in Tunisia in recent years, including the Maamoura field, just 12 kilometres from Hammamet West, where ENI began production in 2009.
It had a cash position of 3.22 million at the end of last quarter.