Really like this part of Wednesday’s RNS27 Sep 2024 07:50
Paul Griffiths, Executive Chairman of Predator, commented:
"We are excited about the exploration potential that the multi-TCF MOU-5 structure has to deliver a future gas-to-power project adjacent to the Maghreb Gas Pipeline. There are few such onshore opportunities around the world adjacent to infrastructure and a gas market with attractive gas prices supported by a benign fiscal regime that form a better risk versus reward proposition, particularly given the low cost of drilling.
In 2021 this area of the Guercif Basin was unknown as a potential gas province. We believe that we have sufficiently advanced the case for Guercif gas for a potential CNG market over the past 3 years to be optimistic in respect of a future partial or complete divestment of the CNG Project to accelerate monetisation subject to a fully funded investment in completing all the elements of the testing programme required to demonstrate the production capabilities of the discovered gas in Guercif.
GLA