"We are very pleased that the company has now begun drilling operations in Morocco and we look forward to seeing the results of this first well later next month," Gulfsands' Chief Executive Officer Mahdi Sajjad said in a statement.
The company, which has headquarters in London, said it started drilling its al-Krima-1 well, its first of nine planned for the Rharb permit area, and operations should be finished within 28 days. The well is located near existing infrastructure and, if successful, Gulfsands said natural gas could be delivered quickly to local buyers.
The company said it was in the process of surveying other prospects in the Rharb permit area to assess the reserve potential.
Gulfsands said it plans "at least one" well in a second reserve area called Fes.
"The first well in this proposed three-well program is currently anticipated to commence drilling in the middle of 2014," the company said.
The CIA World Factbook estimates that, as of January 2012, Morocco has proven natural gas reserves of 49 billion cubic feet, 98th in the world.
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