AuDAX Resources (ASX: ADX) has reported that the interpretation of the Sicily Channel 3D seismic fast track cube over the Lambouka prospect in Tunisia has been completed ahead of schedule.
The objective of the fast track 3D cube was to optimize the drilling location for the upcoming Lambouka-1 well.
The acquisition of the 3D seismic fast track cube over the Lambouka prospect was completed on the 1st of April 2010 and processing of the data was completed on the 2nd of May 2010.
Data has confirmed a drilling location within the originally envisaged area in Tunisian waters based on the previous 2D seismic data set.
In addition to confirming an optimal drilling location the data set has confirmed the structural validity of the Lambouka prospect as well as further resource upside potential.
The company said excellent seismic reflectivity is present at various hydrocarbon target levels not seen previously on the 2D data which is interpreted by AuDAX as evidence of the presence of good reservoir.
In addition to Lambouka another large sized prospect north of the Dougga field has been identified on seismic.
AuDAX expects that the fully processed Geostreamer 3D data (approx. 640 km2) will identify further drillable prospects and contribute to enhancement of their prospectivity.
The expected spud date for the Lambouka-1 exploration well is during the week commencing the 14th of June 2010.