The Menzel Horr prospect lies wholly within the Bargou exploration permit, Gulf of Hammamet, Tunisia, which Cooper Energy was awarded in 2005. Cooper Energy is the 100% owner and operator of the permit.
The Menzel Horr prospect is a robust thrust bound dip closed structure and there is the potential for hydrocarbons to exist at multiple reservoir horizons. Potential exists for a much larger upside volume to exist should bounding faults be proven to seal.
As the Menzel Horr Prospect lies onshore it is expected that around 1-2 million barrels of recoverable oil will be the minimum field size that can be economically developed.
A Menzel Horr-1 exploration well and production test has been designed by IPSAA in Perth and is expected to cost around $5 million, depending upon the rig rate prevailing at the time.
