REG - Predator O&G Hldgs - Commencement of MOU-5 Drilling Operations

Predator Oil & Gas HoldingsAnnouncement

04/03/2025 08:30

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RNS Number : 2662Z  Predator Oil & Gas Holdings PLC  04 March 2025

FOR IMMEDIATE RELEASE

 

4 March 2025

 

                          Predator Oil & Gas
Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas

Predator Oil & Gas Holdings Plc

("Predator" or the "Company")

 

                                 Commencement
of MOU-5 drilling operations onshore Morocco

 

Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas
Company with near-term hydrocarbon operations and production activities
focussed on Morocco and Trinidad is pleased to announce the commencement of
drilling operations on 3 March 2025 in its Guercif licence onshore Morocco at
the MOU-5 well site.

 

Drilling operations will continue during March until all of the Company's
pre-drill potential reservoir intervals have been penetrated.

 

No further announcements will be made until wireline logging has been
successfully completed and the results have been fully interpreted following
an independent petrophysical analysis.

 

 

For further information visit www.predatoroilandgas.com (about:blank)

 

Follow the Company on X @PredatorOilGas.

 

This announcement contains inside information for the purposes of Article 7 of
the Regulation (EU) No 596/2014 on market abuse.

 

 

For more information please visit the Company's website
at www.predatoroilandgas.com (about:blank) :

 

Enquiries:

 Predator Oil & Gas Holdings Plc                                                                                                                                                                                                                                                                        Tel: +44 (0) 1534 834 600

 Paul Griffiths                Chief Executive Officer                                                                                                                                                                                                                                                  Info@predatoroilandgas.com (about:blank)

 Novum Securities Limited                                                                                                                                                                                                                                                                               Tel: +44 (0)207 399 9425

 David Coffman / Jon Belliss

 Oak Securities                                                                                                                                                                                                                                                                                         Tel: +44 (0)203 973 3678

 Jerry                                                                                                                                                                                                                                                                                                  Jerry.keen@oak-securities.com (mailto:Jerry.keen@oak-securities.com)
 Keen

 Flagstaff Strategic and Investor Communications                                                                                                                                                                                                                                                        Tel: +44 (0)207 129 1474

 Tim Thompson                                                                                                                                                                                                                                                                                            predator@flagstaffcomms.com (about:blank)

 Mark Edwards

 Fergus Mellon

Notes to Editors:

 

Predator is an oil & gas company with a diversified portfolio of scaled
assets including unique and highly prospective onshore Moroccan gas exposure,
with multiple fully financed upcoming catalysts.

 

Predator has an interesting gas project in Morocco with fast pace of
commercialisation and significant upside. The Guercif project is a shallow CNG
biogenic gas development with different traps and  separate identified
reservoirs. The Jurassic Titanosaurus is a shallow thermogenic gas prospect
evaluating 249m of potential gross reservoir thickness in a trap of maximum
closure of 187 km2 for pipeline gas to power, with pipeline 2.5km from
wellhead.   Moroccan gas prices are high, and the fiscal terms are some of
the best in the world.  Predator also has a diversified portfolio of assets
across Ireland and Trinidad, which is a near-term revenue-generating project.

 

Predator has an experienced management team with particular knowledge in
Moroccan sub surface and operations.  The team specialises in incorporating
modern, proven technologies and processes from Canada and the US to provinces
where the conventional technologies did not allow their hydrocarbon potential
to be revealed.

 

Predator Oil & Gas Holdings plc is listed on London Stock Exchange's Main
Market with a Standard Listing (symbol: PRD). For further information, visit
www.predatoroilandgas.com (https://www.predatoroilandgas.com/)

 

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