Circle Oil announce Operating Update on Sebou Permit, onshore Morocco
Circle Oil Plc (AIM: COP), the Middle East and North Africa focused oil and gas exploration, development and production company, announced the preliminary results of drilling of the well CGD-12 in the Sebou Permit, onshore Morocco.
The well is located within the western central area of the Sebou Permit, about 4 kilometres to the south of the main gas gathering station. The well was spud on 25 August and drilled to a TD of 1,232 metres MD. Gas shows, which were confirmed by wire logging, were encountered at different levels within the Guebbas and Hoot sands.
The total net gas pay encountered in the well from wireline log analysis is 9.7 metres. The seven inch liner was run and cemented and the first test over the secondary target Intra Hoot sands flowed at a sustained rate of 2.21 MMscf/d on a 18/64″ choke. The second test over the main target Main Hoot sands flowed at a sustained rate of 4.62 MMscf/d on a 24/64″ choke. The well will be completed for future production and the Upper Hoot and Guebbas sands will be available for production at a later date.
The rig will now be moved to drill KSR-12, the third well of the Sebou campaign. Further updates will be provided in due course.
Commenting on the results of the CGD-12 well Prof. Chris Green, CEO, said:
“We are very pleased to have another successful discovery in our Sebou permit and have proven additional reserves for potential gas production. This is the second well of a six well programme to be drilled with our partner ONHYM in the Sebou permit and is coupled with another six well programme in the Lalla Mimouna permit.”