Dunraven is a North Africa-focused oil and gas exploration and development company.
Through our wholly owned subsidiary, Circle Oil Tunisia, we hold a 100% interest in the highly prospective 3,000 km2 Mahdia offshore permit in the Mediterranean, with 114 million barrels of ‘best estimate’ prospective resources. Seismic imaging has identified multiple prospects and leads in the block, assessing less than 15% of the permit area to date. Exploratory drilling has confirmed a significant 63 million barrel ‘best estimate’ prospective resource prospect, which Dunraven intends to drill in 2020.
Leveraging our experienced management and board, as well as regional experience, Dunraven intends to acquire other assets in the region, with current production and development upside, to balance its portfolio.