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UK-based oil and gas exploration and production company Predator Oil & Gas Holdings Plc has reported promising preliminary results from its MOU-5 drilling in the Guercif Licence, onshore Morocco.
The drilling confirmed the presence of the Domerian carbonate, high-quality sand—unexpectedly—and helium, pointing to new exploration opportunities.
The well was completed on time and within budget, with the collected data set to inform future 3D seismic surveys aimed at exploring the Jurassic Project. The company plans to attract farminees to further its exploration efforts and enhance shareholder value amid market volatility.
Predator Oil & Gas Holdings Plc is a Jersey-based firm focused on oil and gas operations in Morocco and Trinidad, holding onshore gas assets in Morocco.
