Limerick’s Circle finds Morocco gas

Limerick-based prospector, Circle Oil, said it has found further gas reserves at its drilling test project in Morocco. It announced that its KSR-10 exploration well has been drilled, logged and successfully tested in the Sebou Permit, Rharb Basin, Morocco. The Company confirms a gas discovery in both the Main Hoot target and a secondary Mid Hoot target. The well first tested gas at a sustained rate of 10.6 mmscf/d (millions of standard cubic feet per day).

Additional gas pay zones of 4.4 metres, 3.1 metres and 1.4 metres in the Lower, Middle and Upper Guebbas were also logged. Testing of the Lower Guebbas encountered problems and was inconclusive, Circle said.

“This Lower Guebbas zone together with the additional pay zones in the Middle and Upper Guebbas will be tested at a later date. The well is being completed as a potential producer. A full technical evaluation of all the results of the well is underway. This will allow for forward planning as a precursor to further assessment of the resource, including conducting an extended well test to give a more complete estimation of the reserves,” it said.

“I am pleased to report that we have continued our drilling success in Morocco’s Rharb Basin. The KSR-10 well has been completed and, once required, will be available for future production,” said Prof. Chris Green, CEO.