Circle Oil Discovers Moroccan Gas Reserves

Circle Oil has discovered gas in the Base Guebbas target at the DRJ-6 exploration well located in the Sebou Permit of Rharb Basin, Morocco, at a sustained rate of 5.363mmscf per day on a 26 / 64in choke.

The company plans to perform a full technical evaluation of all the results, including an extended well test, which will allow it to assess the reserves completely.

Circle Oil demobilised the drilling rig to the higher level KSR-10 site following bad weather over the last two weeks and flooding in the permit area.

Drilling operations will commence once weather conditions improve.