Circle confirms Morocco gas find | Stock Market Wire

21:25 El NACHO 0 Comments

Circle confirms Morocco gas find | Stock Market Wire: "Circle Oil has confirmed a further gas discovery in Morocco.

The oil and gas explorer, developer and producer said the KSR-10 exploration well had been drilled, logged and successfully tested in the Sebou Permit, Rharb Basin.

Circle confirmed 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 on a 26/64-inch choke from the main hoot.

The perforated main hoot zone of 8.4 metres at 1,736.6-1,728.2 metres MD plus a 1.5 metre zone at 1,720.0-1,718.5 metres MD has a calculated net gas pay of 9.9 metres.

The mid hoot zone was then perforated and flowed gas at a sustained rate of 2.39 mmscf/d on a 16/64-inch choke.

The perforated mid hoot zone of 1,650.5-1,649.7 metres MD plus 1,647.6-1,646.8 metres MD has a calculated net gas pay of 1.6 metres."

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