Tuesday, 19 February 2013

Longreach Oil & Gas completes 2D seismic on Sidi Moktar

Longreach Oil & Gas’s (CVE:LOI) 2D seismic programme on its Sidi Moktar licence, onshore Morocco, has been completed.
The company said the programme, designed to assess possible drill targets such as the Koba and Kamar prospects, was completed on time and on budget.
Under the terms of the licence, Longreach was required to acquire seismic data over an area of at least 500 kilometres (km); it has actually grabbed 520 km of high quality seismic data in 47 lines over the portfolio of prospects.
"With this seismic programme complete, we are now looking ahead to drilling our first well on the Sidi Moktar Licence in the next few months,” said Andrew Benitz, chief executive officer of Longreach.
“This is an extremely exciting time for the company, with a well-funded multi-well work programme ahead of it," he added.

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