Longreach Oil & Gas Ltd. has successfully drilled the Koba-1 exploration well on the company’s operated Sidi Moktar exploration license in Morocco’s Essaouira basin (OGJ Online, Nov. 18, 2013). The company said it encountered “very encouraging natural gas resource potential,” including 45 m of reservoir potential.
Longreach is currently drilling a second exploration well, Kamar-1, on the property and has set casing above the first targeted reservoir.
Longreach said future operational activity in the Sidi Moktar area will be determined after the completion, analysis, and interpretation of the Koba-1 well and the Kamar-1 well. The company also plans to participate in an exploration well being drilled on its non-operated Sidi Moussa offshore license in the third quarter.