Predator Oil & Gas Holdings PLC - Jersey-based oil & gas company with operations in Trinidad, Morocco and Ireland - Following recommenced carbon dioxide injection at AT-13 well in Inniss-Trinity field in Trinidad, production increased by 60% relative to the average pre-injection production rate.
Enhanced incremental oil production for the single CO2 EOR well expected to be around 2,200 barrels of oil since the start of the injection. Looking ahead, will continue CO2 injection at AT-13 and observe impact on monitoring well.
In Guercif, onshore Morocco, secures MOU-1 drilling location with 2021 budget approved by partner ONHYM. Environmental impact assessment completed and approved for three wells.
Following assessment of the new MOU-4 prospects, gross audited best estimate recoverable prospective resources for Micoene gas targets 819 BCF with addition of the MOU-4 prospect, reflecting a 92% rise over previous estimates.
Current stock price: 3.48 pence
Year-to-date change: down 39%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Predator Oil (PRD)