Predator Oil & Gas Holdings plc has extended its rig contract for drilling the MOU-5 well to evaluate the 177km² Jurassic structural closure at Guercif onshore Morocco. COSTS The Jurassic structural closure in a crestal location was penetrated in MOU-4 in 2023. Drilling will target a “potentially thick development of porous and permeable, early Jurassic […]
Tag: Predator Oil & Gas Holdings plc
Predator awards 2.7m bonus shares to chairman and COO
Predator Oil & Gas (Holdings) plc issued 2,659, 574 shares under the executive directors bonus scheme in recognition of the drilling programme and results onshore Morocco. Executive chairman Paul Griffiths and chief operating officer Lonny Baumgardner each received 1,329,787 1,329,787 shares. The amount, comprising 50% of the executive directors’ overall bonus related to the drilling […]
Predator signs MoU for Guercif gas sales
Predator Oil & Gas Holdings plc has signed a memorandum of understanding for sales of up to potentially 50 million cubic feet of gas per day from Guercif onshore Morocco. FOUNDATION The exclusive one-year MoU, beginning 27 November, with Afriquia Gaz S.A. involves discussing the terms of a legally binding gas sales agreement of compressed […]
Predator completes acquisition of Cory Moruga
Predator Oil & Gas Holdings plc has completed its acquisition of operator T-Rex Resources (Trinidad) Ltd and 83.8% of the Cory Moruga licence, onshore Trinidad. SNOWCAP The licence includes the Snowcap discovery, with oil previously produced on test from the Snowcap-1 and Snowcap-2ST wells. Over the next three years, Predator will re-enter Snowcap-1 to bring […]
Predator issues 6m share options to two NEDs
Predator Oil & Gas Holdings plc issued six million options over ordinary shares to two non-executive directors under the company’s existing option scheme. Alistair Jury and Carl Kindinger each received three million options exercisable at 12.5 pence per share. A total 50% of the options will vest upon a news release on rigless testing results […]
Predator amends Guercif rigless testing programme
Predator Oil & Gas Holdings plc has altered the sequence of rigless testing of wells after making “good progress” on opening talks for a potential off-take agreement at Guercif. MOU-3 The company integrated results from MOU-1 to MOU-4 wells before choosing MOU-3 as the focal point for a potential CNG [compressed natural gas] development hub. […]