Gulfsands Confirms DOB-1 Well as a Gas Discovery

Gulfsands Petroleum has confirmed as a gas discovery the Douar Ouled Balkhair 1 gas exploration well (DOB-1) in northern Morocco.

Gulfsands said Monday that, during testing of the discovery, gas flowed to the surface at rates in excess of 10 million cubic feet per day. DOB-1 has now been suspended as a future gas production well.

The DOB-1 well is the third well to be drilled on the Rharb Centre permit based on the company's interpretation of 3D seismic survey data acquired by Gulfsands on the permit area in the second half of 2013. The first two wells – LTU-1 and DRC-1 – to be drilled on this permit were also successful in finding gas and flowing it to surface.

While the primary reservoir target found gas that flowed at a rate of 10 million cubic feet per day, the secondary target was unable be tested due to mechanical problems with well bore integrity above the interval. The company is currently attempting to determine the optimal path for further exploration of this reservoir.

Gulfsands CEO Mahdi Sajjad commented in a company statement:

"We are delighted with the results of the drilling and flow testing operations at well DOB-1. This is the third consecutive successful exploration drilling result that the company has achieved in Morocco utilizing the 3D seismic data acquired and processed in 2013-2014.
 
"We are continuing with our efforts to commence production from these discoveries and are receiving much appreciated assistance from ONHYM [Office National des Hydrocarbures et des Mines] to ensure this is achieved as soon as possible."



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