Predator Oil & Gas Holdings PLC - Jersey-based oil and gas company with near-term gas operations focussed on Morocco - Confirms its operations in north-east Morocco are not within the zone affected by the recent earthquake. Expresses sympathy for those affected, noting it has worked in Morocco for "many years". Predator operates the Guercif petroleum agreement onshore Morocco, which is prospective for tertiary gas less than 10 kilometres from the Maghreb gas pipeline.
AFP reports that the 6.8-magnitude earthquake struck the Atlas mountains late Friday south-west of Marrakesh, killing more than 2,100 people and injuring over 2,400, according to the latest official figures.
Current stock price: 11.66 pence, down 2.8% on Monday
12-month change: up 41%
By Greg Rosenvinge, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Predator Oil (PRD)