Predator Oil & Gas Holdings plc said that competition for transport had delayed the spud date for the MOU-2 well at its Guercif gas licence onshore northern Morocco. TRANSPORT The company, which has nearly completed pre-drilling procurement and delivery, had expected to start drilling in mid-December. “Some remaining well inventory was delayed as a result […]
Tag: Guercif – Morocco
Predator directors’ share options-loan raise £1.25m
Predator Oil & Gas Holdings plc’s directors have raised a total £1,256,880 through the exercise of share options and a loan. SHARE OPTIONS The exercise notices are from executive directors Paul Griffiths for 7,855,486 share options and Lonny Baumgardner for 7,855,486 share options issued to them in the company’s unapproved share option schemes between 2018 […]
Predator on course to drill MOU-1 step-out well
Predator Oil & Gas Holdings plc is in final preparations to drill the MOU-1 step-out well, MOU-2, targeting 295 bcf net contingent resources at Guercif, Morocco. PROGRAMME The company said it was completing local permitting for the second of two alternative locations for the step-out well to the MOU-1 well which was completed for rigless […]
Predator seeks partners for Guercif gas project
Predator Oil & Gas plc said it had signed confidentiality agreements with companies over its gas project in Guercif, Morocco. AGREEMENTS One agreement is with a company based in the United Arab Emirates and an Asian exploration and production company. This is to evaluate the exploration, appraisal and development opportunities in the area covered by […]
Predator issues CPR and looks to monetise Guercif
Predator Oil & Gas Holdings plc said it would open options to monetise its Guercif interests onshore Morocco following an independent valuation of contingent gas resources. LICENCES The Guercif licence comprises exploration permits I, II, III and IV covering 7,269 km². The competent persons report (CPR) by SLR Consulting (Ireland) Ltd was for the Guercif […]
Predator finds early revenue path for Guercif gas
Predator Oil & Gas Holdings plc said it had found a simple way to early monetisation of the group’s Guercif MOU-1 gas well site in Morocco. The company commissioned SLR Consulting Ltd to develop a high level scheme for the transport costs of dry gas to existing reception facilities via a pilot compressed natural gas […]