Longreach Oil & Gas Limited, the Toronto listed independent, has commenced a 500 km, two dimensional( 2D) seismic programme, ahead of plans to drill its first well on the Sidi Moktar permit onshore Essaouira Basin in Central Morocco in first half of 2013. Longreach holds exploration and near term development licences in the North African country.
The survey will cover the slated drill targets of Koba and Kamar, to further de-risk and optimise the drilling location for these prospects, as well as to help convert a number of other identified leads into drillable prospects.
Prospectiuni SA (“Prospectiuni”), which has extensive seismic acquisition experience in Morocco, has been contracted to deploy its advanced technology Vibroseis cable-less crew to acquire the data. This survey is part of the fulfillment of licence obligations.
Longreach farmed in for a 50% working interest and operatorship of Sidi Moktar acreage in May 2011, from Maghreb Petroleum Exploration
The 2D seismic survey is expected to take two months, with processing being undertaken in parallel with data acquisition. This approach will provide new data in a timely manner for Longreach to confirm its well locations for its 2013 well programme.
In preparation for its 2013 drill campaign, Longreach is also launching international tenders for a rig to drill two wells and to procure the associated long-lead items.