Finance News Oil & Gas

Predator receives £1.9m from directors’ shares sale

Predator Oil & Gas Holdings plc received a £1,890,000 loan before expenses after two directors sold 18 million shares. PROSPECTUS Predator said it had insufficient headroom for the issue and admission of new ordinary shares without an FCA-approved prospectus, which it expects to complete “in the coming weeks”. The company aims to publish a revised […]

Equipment & Logistics News Oil & Gas

Predator finds zones of interests from MOU-3 results

Predator Oil & Gas Holdings plc encountered multiple zones of interest after completing drilling and logging for the MOU-3 well at Guercif, onshore Morocco. JURASSIC Operations to appraise the Moulouya Fan primary reservoir target and several secondary reservoir targets encountered five potential sands with gas shows within the interval from 815 to 895m TVD MD. […]

News Oil & Gas

Predator remains on course to drill MOU-1

Predator Oil & Gas Holdings plc said it remained on schedule to start drilling next month its MOU-1 gas well in the Guercif Basin, northern Morocco. The MOU-1 well, comprising permits I, II, III and IV, is approximately 250km due east of and on trend with the Rharb Basin, where shallow commercial gas production has been […]

News Oil & Gas

Predator seeks Guercif JV as operations progress

Predator Oil & Gas Holdings plc said it would continue looking for joint venture partners as it progresses with its gas operations in Morocco. MOROCCO The company has interests in Morocco, Trinidad and downstream Ireland. In onshore Morocco, Predator is still discussing a joint venture to finance early development of Guercif gas for the compressed […]