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 […]
Tag: Predator Oil & Gas Holdings plc
Predator board member Ronald Pilbeam to step down
Predator Oil & Gas Holdings plc announced that board member Ronald Pilbeam is to step down with immediate effect. Mr Pilbeam is leaving the company after some three years to pursue other interests.
Predator raises £1.3m via placing
Predator Oil & Gas Holdings plc has raised £1.3 million before expenses after conditionally placing 26,000,000 new ordinary shares at 5 pence each. The company said that the placing was significantly oversubscribed.
Predator appoints Lonny Baumgardner as COO
Predator Oil & Gas Holdings plc has appointed Lonny Baumgardner as chief operating officer with immediate effect. Mr Baumgardner trained as a petroleum engineer and has 30 years’ experience in oil and gas operations. For more than 25 years, he has worked internationally across upstream operations, including several years based in Morocco, Egypt, Tanzania, Australia, […]
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 […]