{"id":108996,"title":"Predator O&G Hldgs (AIM:PRD) MOU-4 Update","publisher":"Share Talk","author":"sharetalk","published":"2023-07-13T06:31:46+00:00","modified":"2023-07-13T06:31:46+00:00","canonical_url":"https://www.share-talk.com/predator-og-hldgs-aimprd-mou-4-update/","markdown_url":"https://www.share-talk.com/predator-og-hldgs-aimprd-mou-4-update.md","json_url":"https://www.share-talk.com/predator-og-hldgs-aimprd-mou-4-update.json","category":"Energy","categories":["Energy"],"tags":["Dr. Stephen Staley","gas","Ireland","Jersey","Lonny Baumgardner","Morocco","oil","Paul Griffiths","PRD","Predator O&G","Predator O&G Hldgs","Predator Oil & Gas Holdings","Schlumberger","Star Valley","Trinidad"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":"**MOU-4 update with results of NuTech petrophysical analysis**\n\n**Highlights**\n\n· 64 metres of likely gas sands interpreted by NuTech in MOU-4\n\n· Likely gas reservoir at top of Jurassic carbonate target\n\n· Rigless testing programme will now include the Jurassic\n\n· Significant Jurassic gas potential if rigless testing is successful\n\n**Predator Oil & Gas Holdings Plc (LSE: PRD)**, the Jersey based Oil and Gas Company with near-term gas operations focussed on Morocco, is pleased to announce an update for the MOU-4 well.\n\nNuTech wireline log analysis and reservoir characterisation of the MOU-4 well has highlighted the following intervals to be likely gas sands that will form the primary objectives in a rigless testing programme.\n\n519 to 713 metres TVD MD, including the M1 sands.\n\n50 metres of likely gas sands.\n\n778 to 879 metres TVD MD, including the Moulouya fan and Lower Fan.\n\n12 metres of likely gas sands.\n\n1139 to 1143 metres TVD MD, including the top of the Jurassic carbonates.\n\n2 metres of likely gas reservoir with average porosity 19.9% (maximum 20.6%) and average gas saturation 56% (maximum 73%).\n\nAs previously announced the culmination of the Jurassic carbonate target lies 2.6 kilometres to the southeast of the MOU-4 well location and significantly higher than at the MOU-4 well location. Therefore a positive rigless testing result in this zone would help to de-risk the larger Jurassic structural closure in respect of reservoir development and migration of gas. These were two of the most significant pre-drill exploration risks.\n\n**Paul Griffiths, Executive Chairman** of Predator Oil & Gas Holdings Plc commented:\n\n“The MOU-4 NuTech petrophysical analysis has has highlighted a number of intervals to be likely gas sands, including some shallow sands that were not previously considered to be potential drilling targets.\n\nThe recognition by NuTech of likely good quality thin gas reservoirs at the top of the Jurassic carbonate is particularly significant in the context of the large Jurassic structural closure that MOU-4 was purposely located at the edge of, so as to successfully penetrate the primary pre-drill target which was the Moulouya Fan.\n\nRigless testing of the Jurassic interval will be an important step in evaluating the significant Jurassic potential within our core area of interest.”"}