Longreach Oil & Gas: Significant Natural Gas Occurrence at Koba-1 well in Morocco

Longreach Oil & Gas: Significant Natural Gas Occurrence at Koba-1 well in 
Morocco 
CALGARY, Jan. 23, 2014 /CNW/ - LONGREACH OIL AND GAS LIMITED  (TSX-V: LOI) 
("Longreach" or the "Company"), an independent oil and gas company holding 
numerous exploration licenses in Morocco, is pleased to announce that the 
Company encountered a significant natural gas occurrence in the Koba-1 well.  
Longreach has a 50% operated interest in the Sidi Moktar license area covering 
2,683 square kilometres.  Longreach is partnered by ONHYM and MPE (25% carried 
interest each). 
On December 31, 2013, the Company announced that the Koba well had been 
drilled to a total depth of 3,100 metres and had encountered a gross interval 
of approximately 45 metres with reservoir potential. Over this section, gas 
shows of over 10% were encountered throughout the interval with heavier 
hydrocarbon components of over C5+. The Koba-1 well has now been logged and 
suspended. 
The Koba structure is the first prospect to be drilled as part of Longreach's 
exploration program. A portfolio of leads and prospects has been identified 
and, following the results of Koba-1, the Company intends to determine the 
extent of this natural gas occurrence by further drilling. 
Additional Technical Comments 
As mentioned in our earlier release of December 31, 2013, the Koba-1 well 
encountered approximately 45 metres of good quality Lower Liassic Jurassic gas 
charged reservoir commencing at 1830 metres. This assessment has been made on 
the basis of visual examination of chip samples and side wall cores and from 
the amount of gas which entered the mud column while drilling and which was 
recorded by the gas chromatograph. The second drilling objective in the 
Triassic was not encountered in the section penetrated. 
The Lower Liassic reservoir zone is normally overpressured (4500psi) as 
anticipated from nearby wells and the mud weight was adjusted to effectively 
handle that pressure. However, at 1873 metres the well experienced a 
significant influx of salt water at an abnormally high pressure of 6000psi. No 
other well in this area has encountered such high formation pressures at this 
depth. In order to control the well, which started flowing, the mud weight was 
steadily increased to 2.3SG before the well was stabilised enough to continue 
logging.  Logging operations had to be halted a number of times in order to 
run back in the hole and recirculate in an attempt to stabilize the flow.  
Consequently the Lower Liassic reservoir zone was open to the heavy mud and 
abnormally high pressures for an extended period of time which resulted in 
damage to the well bore and significant invasion of the drilling mud into the 
Lower Liassic reservoir formation. 
A normal series of logs were acquired and an MDT tool was deployed in an 
attempt to obtain reservoir formation pressures and collect gas samples. 
However, the logs and the MDT tool were not quantitatively effective due to 
the mud invasion and rugose nature of the wellbore. No gas samples were 
collected and only a limited number of pressures were obtained.  Twenty side 
wall cores were collected confirming excellent reservoir quality. 
As a result of the significant damage to the reservoir zone, Longreach is 
unable to reliably quantify the effective porosity, gas saturation or gas 
composition values for the Lower Liassic reservoir zone. At this time we do 
not believe that the high pressure water the Koba-1 well encountered is a gas 
water contact due to the significant differences in pressure between the gas 
and water-bearing zones.  However, the Koba-1 well has proved that good 
quality, gas charged reservoir rocks are present thereby confirming the 
resource potential of the Longreach Sidi Moktar License. We continue to review 
the data and refine the timing of our follow-up drilling and testing program. 
About Longreach 
Longreach Oil and Gas is an independent Canadian oil and gas company focused 
on its significant land position in Morocco.  The Company has a 50% operated 
interest in the Sidi Moktar license area covering 2,683 square kilometres and 
is working closely with ONHYM as a committed long-term partner to unlock the 
hydrocarbon potential of the region.  Morocco offers a politically stable 
environment to work within and has extremely favourable fiscal terms to energy 
producers.  Longreach Oil and Gas is a public company listed on the TSX 
Venture Exchange under the symbol "LOI". 
Special Note Regarding Forwarding Looking Statements 
This press release contains forward-looking statements. These statements 
relate to future events or the Company's future performance.  All statements 
other than statements of historical fact are forward-looking statements. 
Forward-looking statements are often, but not always, identified by the use of 
words such as "may", "will", "should", "expect", "plan", "anticipate", 
"believe", "estimate", "predict", "project", "potential", "targeting", 
"intend", "could", "might", "continue" or the negative of these terms or other 
similar terms. Forward-looking statements in this press release include, but 
are not limited to the Company's future operations. 
Forward-looking statements are only predictions. Forward-looking statements 
involve known and unknown risks, uncertainties and other factors that may 
cause actual results or events to differ materially from those anticipated in 
such forward-looking statements. Some of the risks and other factors which 
could cause results to differ materially from those expressed in the 
forward-looking statements contained in this press release include, but are 
not limited to: general economic conditions in Canada, the Kingdom of Morocco 
and globally; industry conditions, including fluctuations in the price of oil 
and gas, governmental regulation of the oil and gas industry, including 
environmental regulation; fluctuation in foreign exchange or interest rates; 
risks inherent in oil and gas operations; political risk, including 
geological, technical, drilling and processing problems; unanticipated 
operating events which could cause commencement of drilling and production to 
be delayed; the need to obtain consents and approvals from industry partners, 
regulatory authorities and other third-parties; stock market volatility and 
market valuations; competition for, among other things, capital, acquisitions 
of reserves, undeveloped land and skilled personnel; incorrect assessments of 
the value of acquisitions or resource estimates; any future inability to 
obtain additional funding, when required, on acceptable terms or at all; 
credit risk; changes in legislation; any unanticipated disputes or 
deficiencies related to title matters; dependence on management and key 
personnel; and risks associated with operating in and being part of a joint 
venture. 
Although the forward-looking statements contained in this press release are 
based upon assumptions which management of the Company believes to be 
reasonable, the Company cannot assure that actual results will be consistent 
with its expectations and assumptions. Undue reliance should not be placed on 
the forward-looking statements contained in this news release as there can be 
no assurance that the plans, intentions or expectations upon which they are 
based will occur. These statements speak only as of the date of this press 
release, and the Company does not undertake any obligation to publicly update 
or revise any forward-looking statements except as expressly required by 
applicable securities laws. 
Neither TSX Venture Exchange nor its Regulation Services Provider (as that 
term is defined in policies of the TSX Venture Exchange) accepts 
responsibility for the adequacy or accuracy of this release.
 

SOURCE  Longreach Oil and Gas Limited 
For Further Information on Longreach Oil & Gas Limited: 
Dennis A. Sharp, P. Eng., Executive Chairman & CEO Neil Hamzaoui, Commercial 
ManagerTel: +44 203 137 7756 
Additional information on Longreach Oil & Gas Limited can be found 
atwww.longreachoilandgas.com or on SEDAR atwww.sedar.com. 
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CO: Longreach Oil and Gas Limited
ST: Alberta
NI: OIL FIELD  
-0- Jan/23/2014 07:00 GMT
 
 
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