Predator Oil & Gas Holdings plc has submitted the rigless testing work programme for the MOU-1 well at Guercif onshore Morocco. LOGISTICS The well will be tested by France-based Energy Consulting Services (ECS), licensed to use and operate the Sandjet perforating technology. Predator has chosen 18 individual horizons within intervals for testing and may add […]
Tag: MOU-1 gas well – Guercif – northern Morocco
Predator starts approval process for rigless testing MOU-1
Predator Oil & Gas Holdings plc has started the regulatory approval process for rigless testing of the MOU-1 well for the Guercif petroleum agreement, onshore Morocco. WRITTEN INTENT The company has sent a written outline to the Office National des Hydrocarbures et des Mines (ONHYM) on the testing programme, intervals to be tested and the quantities […]
Predator to raise £3.3 million via placing
Predator Oil & Gas Holdings plc is to raise £3.3 million via a placing to fund drilling at its onshore gas operations in Morocco. PLACING The company conditionally placed 60,000,000 new ordinary shares of no par value at 5.5 pence each, lower than yesterday (Tuesday)’s price of 8.3 pence. Predator said that the placing was significantly oversubscribed and […]
Predator plans further drilling after gas shows at Guercif
Predator Oil & Gas Holdings plc said that evidence from the drilled MOU-1 well supported a pre-drill geological interpretation for a deep gas “kitchen” in Guercif, northern Morocco. BUSINESS STRUCTURE Predator (75%) operates Guercif in joint venture with the Office National des Hydrocarbures et des Mines (ONHYM) acting on behalf of the Moroccan state (25%). […]
Predator starts drilling MOU-1 gas well on schedule
Predator Oil & Gas Holdings plc said it had started drilling the MOU-1 gas well in the Guercif Basin, northern Morocco. The company began operations at 1am yesterday (20 June) with drilling ahead in progress to the first planned 133/8″ casing point. The well is forecast to take up to 20 days to drill and to […]