AI generated30 Jan 2026 22:51
predator oil & gas is in the final stages of partnership building and financial engineering for a compressed natural gas (cng) development project in morocco, focusing on the mou-3 well, which has shown potential for gas resources. the company is also preparing for a fully-funded environmental impact assessment for this cng development.
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overview of predator oil & gas in morocco
predator oil & gas holdings is actively involved in the development of gas resources in morocco, particularly focusing on the guercif region. the company is working on a potential compressed natural gas (cng) project, which aims to monetize discovered gas reserves.
current developments
gas appraisal and development
predator is in the final stages of partnership building and financial engineering for a final investment decision (fid) regarding gas appraisal and development.
the mou-3 well has been identified as a key site for initial appraisal and potential development, focusing on the section above 950 meters.
cng project plans
discussions are ongoing with two parties for a fully-funded cng and/or micro-lng development.
a fully-funded environmental impact assessment is set to commence for the cng/micro-lng development, along with preliminary engineering design concepts.
financial position
predator is fully funded to meet its commitments for the next twelve months, allowing it to accelerate its transition to production.
the company has reported significant gas resources in the mou-1 and mou-3 wells, with estimates suggesting a potential standalone cng development project.
future outlook
the company aims to increase its production capacity and revenue through the successful implementation of its cng plans.
the ongoing studies and testing are expected to enhance the understanding of gas saturations and improve the potential for gas resources in the region.