Area Drilling

MoroccoCircle Oil subsidiary Circle Oil Maroc Ltd. (COML) signed an agreement with Morocco’s Office National des Hydrocarbures et des Mines (ONHYM) for the 269 sq km Sebou Concession in the Rharb basin.Under the agreement, COML will gather 3D seismic data before starting a six-well drilling program in 2007.New BrunswickCorridor Resources Inc., Halifax, NS, purchased the 50% working interest it didn’t own in two leases totaling 59,073 net acres in the Elgin subbasin east of McCully gas field.Seller is Columbia Natural Resources Canada Ltd., a subsidiary of Chesapeake Energy Corp., Oklahoma City. Corridor plans to start a 2D seismic survey on the leases this summer.Meanwhile, Co...

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