Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company with near-term hydrocarbon operations and production focussed on Morocco and Trinidad announces that rigless testing operations have commenced at the MOU-3 well at Guercif in Morocco.
The planned operations have been scheduled to be executed over a period of ten days.
The programme will complete the perforating and testing of the shallow “A” Sand.
For further information visit www.predatoroilandgas.com
Follow the Company on X @PredatorOilGas.
Enquiries:
|
Predator Oil & Gas Holdings Plc Paul Griffiths Chief Executive Officer
|
Tel: +44 (0) 1534 834 600 |
Notes to Editors:
Predator is an oil & gas company with a diversified portfolio of assets including unique and highly prospective onshore Moroccan gas exposure and production, appraisal and exploration projects onshore Trinidad.
Morocco offers a potentially faster route to commercialisation of shallow biogenic gas through a CNG development. The MOU-3 well is currently the focus of rigless well testing activities. The next step will be to perforate the shallowest sand seen in this well that has yet to be evaluated. Moroccan gas prices are high, and the fiscal terms are some of the best in the world.
Trinidad offers the security of a mature onshore oil province that has been producing hydrocarbons for over 50 years. Predator is assembling a portfolio of onshore producing fields with opportunities for production enhancement and additional infill development and appraisal drilling. Significant legacy tax losses, economies of scale and the application of new low-cost technologies are factors that can improve profit margins per barrel of oil produced.
Predator has an experienced management team with particular knowledge of the Moroccan and Trinidad sub- surface and operations.
Predator Oil & Gas Holdings plc is listed on the Equity Shares (transition) category of the Official List of the London Stock Exchange’s main market for listed securities (symbol: PRD).
For further information, visit www.predatoroilandgas.com
