Wells25 Nov 2024 07:22
Hi Ibiza, I enclose below the 17 Sept Corporate Update RNS. We have great expertise in the field to enable flow assurance for a third party/parties. My AI indicates that Sandjet has been successful for MOU-3. My understanding is that swabbing is not a major issue at all. Certainly, Zenith Energy have great expertise in this and all other field operations. Just relax, we have the top guys working here and there is no major impediment to successful flows, imho.
Corporate Update
Highlights:
· MOU-3 rigless testing programme being extended
· Zenith Energy Limited (Aberdeen) appointed to provide additional well engineering support as operations expand
· MOU-5 helium study completed - potential resources estimates this month
· Acquisition of additional 16.2% equity for zero cash consideration in Cory Moruga approved
· Memorandum of Understanding executed for application of patented Saudi Arabian chemical wax treatment in Trinidad
Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company with near-term hydrocarbon operations focussed on Morocco and Trinidad announces a corporate update.
Morocco
MOU-3 Sandjet rigless testing programme update
The rigless testing programme is being extended based on an initial analysis of the 2024 rigless testing data that is currently being carried out by Dr. John Tingas Petroleum and Chemical Engineer. Dr. Tingas has worked with the Company's CEO on reservoir engineering projects offshore Ireland following the successful testing of gas at commercial rates in 2006 and 2007; on the reservoir engineering for the Tendrara field onshore Morocco in 2013, following which an appraisal well flowed at a high rate; and on the Company's Inniss-Trinity CO2 EOR project in Trinidad, where enhanced oil production was achieved.
The Company is fully funded to undertake all additional operations that may be considered necessary to support reservoir flow assurance for the purposes of planning a potential development option.
Appointment of Zenith Energy Limited (Aberdeen) for well engineering support
Zenith Energy Limited (Aberdeen), with their larger pool of worldwide resources to call upon in the areas of well engineering, project management, completion and well testing and well operator services, have been appointed to provide well engineering support for Morocco initially and potentially other geographic areas if and when required.
MOU-5 well and potential for helium
The geological model for the helium potential of the 187 km2 MOU-5 structure has been completed by Scorpiongeoscience. Potential helium resources estimates will be published this month.
Drilling of the high impact MOU-5 well will evaluate potential both for helium and a gas-to-power project adjacent to the Maghreb Gas Pipeline. MOU-5 is a conventional well that does not require the same specialist Rharb Basin drilling experience and expertise that was necess