Through its subsidiary and block operator - First African Petroleum Consortium (FAPCO), the company has since acquired two oil exploration permits in Tunisia. The first of these is the "Fawar" permit and is located in the Kebill area and covers 3032sq.Km. The second "Mezzouna" permit located in the Sidi Bouzid region covers a further 4508sq.Km.

The permits have been granted on condition that the company carries out 300km of 2D seismic in total across both concessions and an exploration well in both permits during the first 5 years. The company has carried out initial fund raising for this purpose and work on both blocks has begun. Target completion date for seismic on the blocks is early 2008 and drilling in 2009.

Heading our team in Tunisia are Dr. Mohammad Mokhtari and Mr. Mongi Gharbi who between them have vast experience of the oil and gas industry including and not limiting North Africa, The Middle East and Europe.

Fawar
FAPCO as fully subsidiary of Dominion Energy PLC has acquired the Fawar exploration permit in onshore Tunisia. The permit encompasses multiple play types and presents the opportunity to discover both oil and gas in close proximity to already producing fields in proven petroleum systems. The region has significant developed oil and gas infrastructure.
Area: 3032 sq. km
Drilled Wells: LMG-1(Tested Oil in Upper Nara Fm.) and LMG-2 (Oil show in Upper Nara Fm)
Potential Reservoirs: Jurassic Upper Nara Fm, Triassic TAG I Fm. and Devonian Sandstone
Source Rocks: Jurassic Middle Nara Fm. and Silurian Tanezzuft shale
Seals: Jurassic Lower Nara Fm., Cretaceous Sidikhalif shale
Play Concepts: Fault associated closures, Combination structural and stratigraphic traps (Reefal build up)
Acquired Seismic: 2940 km 2D
Quality of Seismic: Fair to Good
Recently Acquired Seismic: ~230 sq km 3D and 103 km 2D (on processing stage)
Quality of Recently Acquired Seismic: Excellent
Production Facilities: Two hydrocarbon plants in southeast and east of the permit. Oil and gas pipelines from EL FRANIG and SABRIA fields in 10-15 kilometres south and east of the permit.
Contract term: Since October 2005, Exploration Period: 5 years, Extendable to two 3-year periods, Production sharing contract
Minimum Exploration Commitments: Acquisition of 100 km 2D seismic lines or equivalent cost for 3D seismic (Committed) Drilling one new well

Mezzouna
FAPCO as a subsidiary of Dominion Energy PLC has acquired the Mezzouna exploration permit onshore in Tunisia. The permit encompasses multiple play types and presents the opportunity to discover both oil and gas in close proximity to already producing fields in proven petroleum systems. The region already has significant developed of a healthy oil and gas infrastructure.
Area: 4508 sq km
Drilled Wells: SMS-1(oil and Gas show), MAN-1, MEZ-1 (Gas show) and KAR-1
Potential Reservoirs: Jurassic Upper Nara Fm
Source Rocks: Jurassic Middle Nara Fm
Seals: Sidi Khalif Fm
Play Concepts: Fault associated closures, Stratigraphic traps, and possible combined structural-stratigraphic traps
Quality of Seismic: Fair to excellent
Recently acquired seismic data: 200 km 2D, South east of permit (processing ongoing)
Quality of Seismic: Excellent
Production Facilities: Oil production facilities established to the south-east of the permit and oil
Contract term: Since October 2005, Exploration Period: 5 years, Extendable two, 3-year periods Production sharing
Minimum Exploration Commitments: Acquisition of 100 km 2D seismic lines or equivalent cost for 3D (committed) Drilling one Exploration well

Twenty-eight Tunisian and foreign companies are currently engaged in hydrocarbon operations. Foreign companies include Eni(Agip), Anadarko, EHT, British Gas, Ecumed Petroleum( Candax), Perenco, Kuwait Foreign Petroleum Exploration Company (Kufpec), OMV, PA Resources , Petrovietnam Exploration & Production Corporation, Pioneer Natuaral Resources,Storm,Thani Emirattes Petroleum , Winstar ,Grove Energy, Lundin, Cooper Energy and Dominion Energy.

Tunisia has instituted strong economic policies which include trade agreements with the European Union and free-trade zone agreements with Libya and Morocco. Sound fiscal policies have resulted in Tunisia being listed as one of the African country with the soundest growth prospects. The new Hydrocarbons Code became effective on 20 February 2000 and applies to all future exploration and production contracts. The Law introduces some new incentives as Tunisia aims to further develop oil exports.

The company continues to evaluate further opportunities in North Africa and elsewhere and is well positioned to capitalise on those opportunities. There is a current ongoing evaluation of exploration and development in Algeria.
Dominion has also signed an in principal agreement with the Iranian authorities for a large onshore block in Iran.
The shareholders of Dominion Energy include significant institutional backing therefore access to capital is unprecedented for the right profile of project.