Predator Oil & Gas Holdings plc has awarded Skayavers Sarl the contract to construct the MOU-3 well pad platform and improve access roads at the Guercif petroleum agreement, onshore Morocco. LOGISTICS The operator, which shortly expects to complete permitting and survey requirements, will start civil works on or before 10 April 2023 before beginning drilling […]
Tag: Predator Oil & Gas Holdings plc
Predator issues 3m share options to Morocco director
Predator Oil & Gas Holdings plc has issued three million share options to Moyra Scott, drilling manager in Morocco. The award of unallocated share options is under the company’s existing option scheme following her appointment as a director of the group’s subsidiary Predator Gas Ventures Ltd. The options issued on 27 March 2023 are exercisable at […]
Predator raises £2m via conditional placing
Predator Oil & Gas Holdings plc has raised £2 million before expenses from a conditional placing. The company placed 15.5 million new ordinary shares of no par value, and 20,863,636 existing ordinary shares of no par value in the company transferred by chief executive officer Paul Griffiths, each at a placing price of 5.5 pence. Predator said […]
Predator signs binding deal for Cory Moruga
Predator Oil & Gas Holdings plc has signed a binding agreement with Challenger Energy Group plc to acquire the Cory Moruga licence, onshore Trinidad. UNREALISED POTENTIAL The fully termed long-form legal deal was initiated in December 2022, following a dispute between the companies. The terms remain unchanged including Predator’s 100% acquisition of the issued share […]
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 pauses drilling MOU-2 due to sticky clays
Predator Oil & Gas Holdings plc has suspended drilling of the MOU-2 well after encountering “extremely sticky clays” which prevented wire logs from penetrating further at Guercif, onshore Morocco. RE-EVALUATION The sticky clays are in a geological formation overlying the Moulouya Fan primary objective. The company said it would re-evaluate the drilling programme through the […]