Project Profile
Value: Undisclosed
Location: onshore northeast part of Morocco
Reserves: unknown
Area: 5,116 km2
Depth (drilling): less than 3,000 metres
Start-up Year: -
Maxim Resources has signed a Reconnaissance Contract for the HassiBerkane Block (formerly BeniZnassen Block) in the Kingdom of Morocco. Maxim signed the Reconnaissance Contract with the National Office of Hydrocarbons and Mines (\'ONHYM\'). ONHYM and Maxim have jointly applied to the Ministry of Energy, Mines, Water and Environment of Morocco (MEMWE) for the Reconnaissance Concession, which is expected to be issued in the coming weeks. The HassiBerkane Block is located onshore in the northeast part of Morocco and encompasses 5,116 km2 with extensive 2-D seismic data. Similar reservoir and source rocks to the Tselfat area in central Morocco, which has large proven oil and gas reserves. The seismic data reveals several alluring structural anomalies with a similar profile to the numerous oil & gas fields in the Tselfat area. Drilling depth to target horizons is less than 3,000 metres. The property is close to the Maghreb Europe Gas Pipeline, which transports gas from the super giant Maghreb gas field in adjacent Algeria. The pipeline has ample excess capacity. Maxim will start Stage 1 reconnaissance of the HassiBerkane Block in the next 30 days which will consists of reparation of a NI51-101 Standards of Disclosure For Oil and Gas Activities by a Qualified Person, reprocessing 600 kilometres of existing 2-D seismic data and reprocessing 10,000 kilometres of aero mag and gravity.
Operators:
National Office of Hydrocarbons and Mines (ONHYM): Operator with 50% interest
Maxim Resources: 50% interest