el jadida
el jadida/mazagan beach
Operational Update
Sidi Moktar
On 19th September 2011, the previously announced Sidi Moktar farm in
was formally signed by all parties. Longreach has acquired a 50%
operating interest in the onshore Sidi Moktar exploration licences
located in the Essaouira Basin in Central Morocco.
Sidi Moktar comprises of 3 blocks totalling 4,711 square kilometres.
The blocks surround the producing Meskala field. According to
historical information available from ONHYM, 4 fields within Sidi
Moktar have successfully produced 30.5 Bcf of gas from Jurassic aged
reservoirs. Principal targets are the Silurian sourced Triassic
targets, proven by the neighbouring producing Meskala field. Resource
estimates for Triassic targets, independently assessed by AJM Petroleum
Consultants, are 292 Bcf (Mean Estimate) and 776 Bcf (High Estimate).
The licence has a significant amount of historical exploration data
available to Longreach, including 6,172km2 of 2D Seismic and 40
exploration & development wells. Longreach has begun data loading and
data interpretation and will complete a prospect high grading
evaluation by year end which will identify a suitable location to shoot
a 100km2 3D seismic programme.
Other licences
http://www.marketwatch.com/story/longreach-oil-gas-limited-announces-q3-results-2011-11-29
Sidi Moktar
On 19th September 2011, the previously announced Sidi Moktar farm in
was formally signed by all parties. Longreach has acquired a 50%
operating interest in the onshore Sidi Moktar exploration licences
located in the Essaouira Basin in Central Morocco.
Sidi Moktar comprises of 3 blocks totalling 4,711 square kilometres.
The blocks surround the producing Meskala field. According to
historical information available from ONHYM, 4 fields within Sidi
Moktar have successfully produced 30.5 Bcf of gas from Jurassic aged
reservoirs. Principal targets are the Silurian sourced Triassic
targets, proven by the neighbouring producing Meskala field. Resource
estimates for Triassic targets, independently assessed by AJM Petroleum
Consultants, are 292 Bcf (Mean Estimate) and 776 Bcf (High Estimate).
The licence has a significant amount of historical exploration data
available to Longreach, including 6,172km2 of 2D Seismic and 40
exploration & development wells. Longreach has begun data loading and
data interpretation and will complete a prospect high grading
evaluation by year end which will identify a suitable location to shoot
a 100km2 3D seismic programme.
Other licences
http://www.marketwatch.com/story/longreach-oil-gas-limited-announces-q3-results-2011-11-29