Circle Oil finds gas in Morocco

Limerick-headquartered oil and gas group Circle Oil has announced the successful drilling and testing of an exploration well in Morocco.

It also confirmed a gas discovery at its main Intra Hoot target.

The AIM-listed company said its KSR-11 well in Morocco's Rharb basin has been completed and will be available for future production.

“We tested this well at a small restricted choke size and it still achieved a good flow rate with very quick pressure build up,” chief executive Prof Chris Green said.

“The second drilling campaign has been very successful and we have increased our ability to both supply gas and incrementally increase our resources in line with the business plan for the area.”