Stratic is planning to sell its licence to explore the 7,692-square-kilometre Kerkouane permit, off the northeast coast, to an unnamed company.
The sale is part of the rationalisation of Stratic’s assets following its acquisition of another London-listed firm, Grove Energy, for $102m in the second quarter of 2007.
Grove Energy won the licence to operate the Kerkouane permit in 2000 under a production sharing contract with state energy company Entreprise Tunisienne d’Activites Petrolieres.
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