Twiddling my thumbs as we wait for news.4 Feb 2026 10:47
We are all patiently waiting on news.
Hopefully soon!
Morocco:
Memorandum of Understanding executed for the purchase natural gas; designing, funding, constructing and operating an LNG distribution network; and to provide the services of selling and distributing LNG to industrial and commercial users in Morocco.
This should be at an advanced stage now.
According to the published data, the drilling and analysis campaign conducted from 2021 to 2025 has consolidated significant geological results. The MOU-1 and MOU-3 wells established the presence of biogenic gas over a 16 km² structural zone embedded in a potential trap of 81 km². Analyses carried out by NuTech, based on log models assisted by artificial intelligence, highlighted 91 meters of interval containing gas without the presence of water in MOU-1 and MOU-3.
The independent report by ScorpionGeoscience, published in June 2024, estimates the resources at 588 BCF of gas (including 441 BCF net for Predator) and 1.86 BCF of helium. Five other gas traps were also identified by seismic, as well as additional potential in deeper Triassic formations
A second technical report, finalized in August 2025 by ScorpionGeoscience, confirms the possibility of gas storage in salt within the Guercif block. This point is considered strategic in a context of energy diversification and development of the gas sector in Morocco. The presence of helium was also confirmed in the MOU-2, MOU-3 and MOU-4 wells, covering an area of 68.5 km².
On March 5th 2025 Oak Securities set a valuation of £1.48 on Predator.
What will the revised value be with the new ITR?
We do not need the gas to flow to get a partner or sale.
Divestment does not rely on Mou-6.
Trinidad:
Trinidad is also adding real value as we advance the work overs.
NABI are progressing towards the 1000bopd target, within one year, and regular updates are now being issued.
Snowcap 3 will add additional funds with the profit going to Predator. SC-3 is targeting a return of 500/1000bopd.
Our time is near!