Correction to previous post:
FMcM issued the following yesterday at 8pm Perth time:
In May 2015, FM O&G commenced drilling the MZ-1 well associated with the Ouanoukrim prospect in the Mazagan permit area offshore Morocco under a farm-in arrangement to earn interests in exploration blocks. The well is currently drilling below 15,260 ft (4651m) towards a proposed total depth of approximately 18,500 ft (5639m). The exploration area covers 2.2 million gross acres in water depths of 4,500 to 9,900 feet. Capital expenditures for international oil and gas exploration activities in Morocco totalled $29 million for second-quarter 2015 and $44 million for the first six months of 2015.
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To summarise what is known (based on 2176mwater depth):
Column 1 Column 2 Column 3 0 1 Firm Plan 2 Possible Extension 3 PVD Report 15 Jul 4 FMcM Report, 8pm Thu 23 Jul
MZ-1 Status
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