Découverte de gaz au Maroc
La Société Circle Oil confirme une découverte dans le Haut-Ouled de puits de gaz à un rythme soutenu de 3,32 MMscfd.
10 November 2008
Gas Discovery in Morocco
Circle Oil Plc (AIM: COP), the international oil and gas exploration and development company, is pleased to announce that the exploration well ONZ6 has been drilled, logged and successfully tested in the Ouled N'Zala Permit, Morocco.
The Company confirms a discovery in the Upper Ouled Formation with the well testing gas at a sustained rate of 3.32 MMscfd. The well has been completed as a potential producer and the drilling rig has now moved to the Sebou permit to commence drilling the second location of the six well drilling programme planned for the two permits.
A full technical evaluation of all the results is underway which will allow for forward planning as a precursor to further assessment of the resource including conducting an extended well test. A full assessment of Reserves has not yet been completed.
The Ouled N'Zala Permit lies north-east of Rabat in the Rharb Basin, Morocco. The Rharb Basin is a foredeep Basin located in the external zone of the Rif Folded belt. The concession agreement includes the right of conversion to a production licence of 30 years, plus extensions, in the event of commercial discoveries.
David Hough, CEO of Circle, said:
"This discovery in our first well in Morocco is excellent news for Circle. The well has been completed in readiness for an extended production test and the field test results are in line with our expectations for this area. We look forward to the results of the next well which will be the first in the Sebou Permit where Circle holds a 75% interest.''
http://www.circleoil.net/10November2008.htm
Circle reports natural gas find in Morocco
Irish oil exploration company Circle Oil today reported a natural gas at the first well it drilled in Morocco.
The well in the Upper Ouled formation tested gas at a “sustained rate” of 3.32 million cubic feet a day, according to a company statement.
The concession agreement with the Moroccan government in the Ouled N'Zala permit, in the northeast of the kingdom, includes the right of conversion to a production license of 30 years, the company said.
Bloomberg
http://www.irishtimes.com/newspaper/...breaking24.htm
La Société Circle Oil confirme une découverte dans le Haut-Ouled de puits de gaz à un rythme soutenu de 3,32 MMscfd.
10 November 2008
Gas Discovery in Morocco
Circle Oil Plc (AIM: COP), the international oil and gas exploration and development company, is pleased to announce that the exploration well ONZ6 has been drilled, logged and successfully tested in the Ouled N'Zala Permit, Morocco.
The Company confirms a discovery in the Upper Ouled Formation with the well testing gas at a sustained rate of 3.32 MMscfd. The well has been completed as a potential producer and the drilling rig has now moved to the Sebou permit to commence drilling the second location of the six well drilling programme planned for the two permits.
A full technical evaluation of all the results is underway which will allow for forward planning as a precursor to further assessment of the resource including conducting an extended well test. A full assessment of Reserves has not yet been completed.
The Ouled N'Zala Permit lies north-east of Rabat in the Rharb Basin, Morocco. The Rharb Basin is a foredeep Basin located in the external zone of the Rif Folded belt. The concession agreement includes the right of conversion to a production licence of 30 years, plus extensions, in the event of commercial discoveries.
David Hough, CEO of Circle, said:
"This discovery in our first well in Morocco is excellent news for Circle. The well has been completed in readiness for an extended production test and the field test results are in line with our expectations for this area. We look forward to the results of the next well which will be the first in the Sebou Permit where Circle holds a 75% interest.''
Circle reports natural gas find in Morocco
Irish oil exploration company Circle Oil today reported a natural gas at the first well it drilled in Morocco.
The well in the Upper Ouled formation tested gas at a “sustained rate” of 3.32 million cubic feet a day, according to a company statement.
The concession agreement with the Moroccan government in the Ouled N'Zala permit, in the northeast of the kingdom, includes the right of conversion to a production license of 30 years, the company said.
Bloomberg
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