Longreach Oil & Gas Ltd. is a fast growing oil and gas exploration company, with significant licence interest in southern onshore and offshore Morocco. Our two onshore and two offshore licences equate to over 15% of all exploration acreage in Morocco. Our acreage is highly prospective and is covered extensively by 2D and 3D seismic. Longreach is working with its partners on the identification of near term drill targets.
Currently Longreach is the only oil and gas company with assets exclusively in Morocco and our focus will remain in North Africa. The fiscal terms in Morocco are regarded as amongst the most favourable worldwide, and the hydrocarbon potential is only now being fully discovered and understood. Our knowledge, experience and relationships formed puts us in a strong position to further develop our interests within the country.
ACREAGE UNDER LICENCE - MOROCCO 47,955 km² or 11.8 million acres.
ACREAGE UNDER LICENCE - MOROCCO 47,955 km² or 11.8 million acres.