Tuskar to start drilling on well

Tuskar Resources has announced the start of drilling on a further production well, the OBE 5 well, offshore Nigeria. The well, Tuskar said, is designed to expedite the recovery of reserves in the field and drilling should be completed in 60 days. Tuskar has also announced a new sales agreement with Trafigura Beheer for the sale of oil from the OBE field. The new agreement, said Tuskar, has more favourable pricing terms and "will increase the net cash flow per barrel to Tuskar".