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
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:
Enquiries:
|
Predator Oil
& Gas Holdings Plc
Paul
Griffiths
Chief Executive Officer
|
Tel: +44 (0) 1534 834 600
Info@predatoroilandgas.com
|
|
|
|
|
Novum
Securities Limited
David Coffman / Jon Belliss
Oak
Securities
Jerry
Keen
|
Tel: +44 (0)207 399 9425
Tel: +44 (0)203 973 3678
Jerry.keen@oak-securities.com
|
|
|
|
|
Flagstaff
Strategic and Investor Communications
Tim Thompson
Mark Edwards
Fergus Mellon
|
Tel: +44 (0)207 129 1474
predator@flagstaffcomms.com
|
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
