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Area Drilling

07/14/2008
IraqNiko Resources Ltd., Calgary, began field scouting in the 846 sq km Qara Dagh block in Iraq’s Kurdistan Region and sought tenders for a 500 line-km 2D seismic survey.The budget for the year ending Mar. 31, 2009, covers the seismic program, drilling an exploration well, and bonuses required under the production-sharing contract, signed in May.MoroccoCircle Oil PLC said a completed 3D seismic survey on the Sebou license in Morocco’s Rharb basin outlined many anomalies, each of which could contain gas.A rig is under contract to begin drilling in July 2008.Circle Oil will soon sign an agreement with state ONHYM exercising its option to participate in the ONZ-4 well, which disc...
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