Circle Oil reports positive gas flow from Morocco well
Circle Oil, the Limerick-based oil and gas exploration company, has reported a stable gas flow at its first well on the Lalla Mimouna permit onshore Morocco.
The total depth of the well, 1,541 metres, was reached at the end of May. A well was then drilled which flowed gas at a "stable" rate, according to a statement from Circle Oil.
Chief executive Mitch Flegg said: "We are delighted that our first well on the Lalla Mimouna Nord Block has such positive results, flowing gas at significant rates from both target intervals.
"The productivity of this first well is very encouraging for the expansion of Circle's portfolio of Morocco gas fields."