Seeking Alpha

Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
My blog:
  • Longreach Oil & Gas Completes 2D Seismic On Sidi Moktar 0 comments
    Feb 19, 2013 2:30 PM

    Longreach Oil & Gas's (CVE:LOI) 2D seismic programme on its Sidi Moktar licence, onshore Morocco, has been completed.

    The company said the programme, designed to assess possible drill targets such as the Koba and Kamar prospects, was completed on time and on budget.

    Under the terms of the licence, Longreach was required to acquire seismic data over an area of at least 500 kilometres (km); it has actually grabbed 520 km of high quality seismic data in 47 lines over the portfolio of prospects.

    "With this seismic programme complete, we are now looking ahead to drilling our first well on the Sidi Moktar Licence in the next few months," said Andrew Benitz, chief executive officer of Longreach.

    "This is an extremely exciting time for the company, with a well-funded multi-well work programme ahead of it," he added.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.