Rharb Basin Seismic Operations and Senior Management Appointment
Circle Oil Plc (AIM: COP) the international oil and gas exploration, development and production company is pleased to provide the following update on its operations in Morocco.
New Seismic Acquisition
Circle is pleased to announce the commencement of surveying work and mobilisation for the new seismic acquisition campaign within our permits in the Rharb Basin, Morocco.
The campaign is scheduled to acquire a further 120 square kilometres of 3D data as well as 24 full fold line kilometres of 2D and is expected to last 4-5 months.
The data will be subsequently processed and interpreted for use in the identification and prioritisation of drilling targets for the third drilling campaign presently scheduled to commence in early 2012.
Senior Management Appointment
Circle is also pleased to announce the appointment of Dr. Mohamed El Mostaine as Operations Manager for Circle Oil Maroc Ltd. Dr. El Mostaine holds a Doctorate in Geology and Petroleum Geology Engineering from the French Institute of Petroleum. He joined the National Office of Hydrocarbons and Mines (ONHYM) in 1981. From 2006 until taking up his position with Circle, Dr. El Mostaine was Director of Exploration Petroleum for ONHYM. He is also a member of the American Association of Petroleum Geologists (AAPG), the Society of Petroleum Engineers (SPE) and is the President of the Moroccan Association of Petroleum Geologists (MAPG).
Dr. El Mostaine will initially manage the new seismic acquisition campaign and contribute to both the planning and technical studies to be produced in preparation for the third drilling campaign in the Rharb Basin.
In combination with other senior Circle staff and our country managers in Morocco, Tunisia and Oman, he will also contribute to identifying, evaluating and securing new business opportunities in Circle's geographic area of interest.
Commenting on the appointment Prof. Chris Green, CEO, said:
"We welcome Mohamed to Circle. With his extensive experience and knowledge of North Africa we look forward to his contribution to Circle's growth."
Glossary:
- 3D Three dimensional
- 2D Two Dimensional
For further information contact:
Circle Oil Plc (+44 20 7638 9571)
Professor Chris Green, CEO
Evolution Securities (+44 20 7071 4300)
Chris Sim
Neil Elliot
Fox-Davies Capital (+44 20 7936 5230)
Daniel Fox-Davies
Citigate Dewe Rogerson (+44 20 7638 9571)
Martin Jackson
George Cazenove
Murray Consultants (+353 1 498 0320)
Joe Murray
Joe Heron