Positive Test Results for SAH-W1 Well in Morocco

Middle East and North Africa-focused Circle Oil announced Monday positive results from the testing its SAH-W1 well in the western-central area of the Sebou Permit, onshore Morocco.

The well was drilled to a target depth of 4,144 feet (measured depth) in June 2014, with gas shows encountered at different levels within the target Guebbas sands. The lowermost Guebbas zone has 12 feet of net pay and a recent test over this interval flowed at a sustained rate of 4.94 MMcf/d on a 24/64-inch choke during a period of five hours.

As part of Circle Oil's current drilling campaign, the rig used for the company's latest discovery has been released from SAH-W1 and is being transported to the Lalla Mimouna concession to drill Circle's first well on this permit, LAM-1. This will be the fifth well of the most recent drilling project and is located in the central part of Lalla Mimouna Nord on the east-west trending Anasba Ridge, within the existing 3D seismic area. 

Circle Oil Chairman Steve Jenkins commented in a statement:

"We are delighted with the results of the SAH-W1 well test. This was the first well of our third drilling campaign, drilled with our partner ONHYM in the Sebou permit and is coupled with our drilling program in the Lalla Mimouna permit. We believe that this well has the potential to add significant volumes to our reserves for gas production and at rates not subject to price fluctuation, due to fixed price contracts."

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