Canamens to explore off Morocco

Canamens is embarking on a round of exploration offshore Morocco following the award of contracts and agreements with Morocco's Office National Hydrocarbures et des Mines.

Offshore staff

LIMASSOL, Cyprus –Canamens is embarking on a round of exploration offshore Morocco following the award of contracts and agreements with Morocco's Office National Hydrocarbures et des Mines.

Canamens says it will reprocess and acquire new 2D data in the Essaouira Shallow Offshore in water less than 500 m (1,640 ft) and based upon the results chose whether to convert the license into an exploration permit.

In the Essaouira Deep Offshore area with water depths greater than 500 m, Canamens plans to reprocess and acquire new 2D data with an option to extend into a 3D and drilling commitment.

The acreages totals more than 11,000 sq km (4,247 sq mi) and Canamens holds 75% with ONHYM holding the remainder.

01/13/2009

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