| 6.3°C Dublin

Tunisia oil hopes rise

IRISH exploration group Circle Oil is expecting significant returns from its well in Tunisia.

The Bou Argoub-1 exploration well in the South West Belli area has spudded and drilling began on October 30.

The well has an expected total depth of 1,350 metres and the partners in the venture include Exxoil Tunisie Ltd and Circle.