The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Couple of Google Earth photos this week showing what I believe to be the site of JUR-1 / TIT-1 / MOU-5. Can be confirmed on Sentinel-2 - something else arrived on site yesterday.
https://twitter.com/KQuick20704342/status/1688360589561851905/photo/1 close up of MOU-5?
https://twitter.com/KQuick20704342/status/1688362795224776705/photo/1 view of all drill sites MOU-1 to 5.
Please feel free to present alternative opinions.
FOR IMMEDIATE RELEASE
27 June 2023
Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas
LEI 213800L7QXFURBFLDS54
Predator Oil & Gas Holdings Plc
("Predator" or the "Company" and together with its subsidiaries the "Group")
Completion of MOU-3 drilling and logging operations
Highlights
· MOU-3 drilled and completed for rigless testing
· Multiple zones of interest from 339 to 1435 metres TVD MD
· Rigless well test planned for 43 metre gross interval in Moulouya Fan
· Ma Sand gas trap potentially could cover 58km²
· MOU-4 drilling to start shortly
Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas Company with near-term gas operations focussed on Morocco, is pleased to announce the successful completion of drilling and logging operations for the MOU-3 well appraising the Moulouya Fan primary reservoir target and several secondary reservoir targets encountered in MOU-1 drilled in 2021.
A preliminary summary of the results from the zones of interest is given below pending further NuTech petrophysical wireline analysis that will be commissioned ahead of finalising multiple intervals for rigless testing .
No logs were acquired over the shallow interval, the results for which were previously announced, which are behind 95/8" casing.
1. Ma and TGB-6 sand interval
Within the interval from 815 to 895 metres TVD MD five potential sands with gas shows were encountered. Individual sands have a maximum thickness of 3 metres giving an estimated cumulative thickness of 11.5 metres versus a P10 pre-drill forecast sand thickness of 10 metres.
The Ma Sand had a 3% formation gas show.
Pre-drill P50 structural closure was determined to be 6km² for the area tested by MOU-3.
MOU-3 well results have confirmed that the Ma to TGB-6 interval can be correlated with the same gas-bearing interval in MOU-1, approximately 7 kms. to the southwest. The two well data points now support a seismically defined sequence covering an area of up to 58 km² that potentially forms a combined structural and stratigraphic trap for gas.
2. TGB-4 sands
Several thin sands of up to one metre in thickness were encountered in TGB-4 from 1046 to 1070 metres TVD MD. Borehole geometry was poor and further detailed petrophysical analysis will be required to determine reservoir quality. At least one of these sands may be a candidate for rigless testing.
3. Sub-TGB-4 sands
From 1112 to 1140 metres TVD MD. five thin sands, individually up to one metre-thick, were encountered. As for the TGB-4 sands further detailed petrophysical analysis will be required to determine reservoir quality. Rigless testing of at least one sand will be considered.
4. Moulouya Fan sand
The Moulouya Fan sand was encountered from 1378 to 1437 metres TVD