Circle Oil Plc Announce Operating Update on Morocco Sebou Permit -Exploration Well KAB-1bis

Circle Oil Plc Announce Operating Update on Morocco Sebou Permit -Exploration Well KAB-1bis

Circle Oil Plc (AIM: COP), the Middle East and North Africa focused oil and gas exploration, development and production company, provides the following information on the drilling of the KAB-1bis well in the Sebou Permit, onshore Morocco.

The well, located downthrown tothe north-west/south-east trending N’zala Fault in the north-western area of the Sebou 3D survey, spudded on 4 February 2015. The 2010 KAB-1 well had encountered gas shows in the target Miocene Guebbas sands, but problematic swelling clays created borehole instability and the well could not be logged or tested. KAB-1bis had the same target sands and was drilled with an adapted mud system to minimise drilling problems in a slightly more updip location. The primary target Guebbas sands were absent down to a TD of 1,410 metres MD and it was decided to plug and abandon the well.

This result indicates that the gas shows encountered in the Guebbas sands in the KAB-1 well were of a very limited extent.

The rig has been released to complete and test the SAH-W1 well on the western area of the Sebou Permit. The SAH-W1 well encountered three gas bearing Guebbas sands, but could not be completed as a non-standard 4.5 inch liner was needed. It is planned to produce the three zones sequentially from the bottom up, where the highest pressure is present.

Commenting on the results of the KAB-1bis well Steve Jenkins, Chairman, said:

“Although the result of the KAB-1bis well is disappointing, the well was targeting a smaller incremental accumulation. We look forward to the results of testing of the SAH-W1 well and continuation of the drilling campaign on the Sebou and Lalla Mimouna Nord Blocks.”

Source: Circle Oil Plc

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