Well, last time I gave us the bad news on Sputnik....now hopefully some good news in Morocco.
Genel's SM-1 well is reported by their minor j/v partners to have encountered oil and they're proceeding with testing.
Doesn't look like they ran that announcement by Genel. They sound a bit more conservative.
Not the same formation as Toubkal. But potentially the same as our second well. And will be great for general sentiment in Morocco if it turns out to be a significant oil discovery....
San Leon's RNS here....
http://www.investegate.co.uk/san-leon-energy-plc--sle-/rns/morocco-well-testing/201410200700116920U/
Oil in Morocco?!...
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