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Wednesday, July 15, 2015
Circle Oil saw its ANS-2 exploration well on the Lalla Mimouna permit onshore Morocco completed. The ANS-2 is the second well drilled by Circle on the Lalla Mimouna permit, following its successful LAM-1 well.
The ANS-2 was targeting the Miocene sands and the TD of the well, at 1,070 meters MD, was reached on June 29. Although the well encountered gas shows while drilling at the targeted depth, the interpretation of wireline logs indicates that the reservoir quality encountered in the well has not met the company’s pre-drill estimates. Therefore the well has been suspended pending further analysis of all the data before a decision is made on whether or not to complete the well.
The rig is now being mobilized to drill the NFA-1 exploration well, the third in Circle’s drilling program. The NFA-1 structure is located in the southern part of the Lalla Mimouna Nord Permit and is a downthrown location along the north-south trending Menadra fault in the south-eastern area of the Lalla Mimouna 3D survey. The well is targeting two potentially gas-bearing zones in the Miocene sands.
The targets exhibit strong seismic amplitude anomalies, attributed to gas filled porous sands, analogous to those proven by the successful drilling of similar features in the Sebou permit to the south. Depending on progress rates, initial results could be available in approximately 30-40 days.
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