Koba-1 Well Reaches TD in Morocco

Source: www.gulfoilandgas.com 12/31/2013, Location: Africa

LongReach Oil & Gas Ventures, an independent oil and gas company holding exploration licences in Morocco, is pleased to announce that the Koba-1 exploration well, in its operated licence area in the Essaouira Basin, onshore Morocco, has reached TD and has encountered a potential Lower Liassic sandstone reservoir with gas shows.

The well has been drilled to a Total Depth (TD) of 3100m. The Lower Liassic sandstone was encountered very close to the expected depth and has a gross interval of approximately 45 metres showing reservoir potential. Over this section, gas shows of over 10% were encountered with heavier hydrocarbon components of over C5+.

After logging the Lower Liassic section, the well was drilled to TD to continue the exploration of the second target of the prognosed Triassic sandstones. No further potential reservoir sections or significant shows were encountered beneath the Lower Liassic.

The Koba structure is the first prospect to be drilled as part of Longreach?s exploration well programme. A portfolio of leads and prospects have been identified and, following the results of Koba-1, the outlook for further prospectivity will be reviewed.

Longreach has a 50% operated interest in the Sidi Moktar licence area covering 2,683 square kilometres. Longreach is partnered by ONHYM and MPE (25% carried interest each).

Commenting today, Dennis Sharp, Executive Chairman, said: "This is a positive start to our operated exploration campaign in the Essaouira Basin, onshore Morocco, which is most encouraging. The Company is currently evaluating all of the available data in order to determine the testing program for the well. We look forward to gaining a fuller understanding of the result of the Koba well."

Longreach is working closely with ONHYM, as a committed long-term partner, to unlock the hydrocarbon potential of the region.

For more information about related Opportunities and Key Players visit North Africa Projects


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