San Leon Makes Gas Discovery in Morocco

San Leon Energy on Wednesday announced a gas discovery onshore Morocco.

“We are very pleased with the results of the Laayoune-4 well. Confirming the presence of gas shows and good reservoir quality is encouraging for the potential of the block and leads naturally to applying for a new eight year license in the area, which would allow for seismic acquisition to be performed over the full channel complex,” Oisin Fanning, San Leon executive chairman said.

Laayoune-4 is located on the Tarfaya conventional license onshore Morocco.

San Leon Energy and Office National des Hydrocarbures et des Mines (ONHYM) intend to jointly apply for a new eight year exploration license in the area. During the first period of the new license San Leon plans to acquire a 3D seismic survey across the multiple channels of the Tertiary play, one channel of which was drilled by the Laayoune-4 well.

Based upon the results of the seismic, San Leon would consider the option of re-entering the Laayoune-4 well (including testing), drilling an additional well, or both.