Monday, September 25

Circle Oil Provides Update On LAM-1 Well, Morocco

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ScandOil

Circle

Circle Oil Plc is pleased to provide an update on the progress of the LAM-1 well on the Lalla Mimouna Permit, onshore Morocco.

LAM-1, the first well drilled by Circle on the Lalla Mimouna permit, targeted the Miocene gas-bearing sands, similar to the Sebou Permit to the south of Lalla Mimouna. The TD of the well at 1,541 metres MD was reached on 26 May 2015, prospective gas zones were logged, a completion string was installed and the rig relocated to drill the ANS-2 well.

The LAM-1 well was then tested using a slick-line unit following the release of the rig. The primary target was perforated at 1,261-1,272 metres and flowed gas at a stabilised rate of 1.9 MMscf/d on a 16/64′ choke and the secondary target was perforated at 1,181-1,183 metres MD and flowed at a stabilised rate of 1.1 MMscf/d on a 16/64′ choke.

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