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MOU-3 Well Intervention and Rigless Testing

21 Jul 2025 07:00

RNS Number : 7567R
Predator Oil & Gas Holdings PLC
21 July 2025
 

 

FOR IMMEDIATE RELEASE

 

21 July 2025

 

Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas

Predator Oil & Gas Holdings Plc

("Predator" or the "Company" and together with its subsidiaries "the Group")

 

Commencement of MOU-3 well intervention and rigless testing operations

 

Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company with near-term hydrocarbon operations and production focussed on Morocco and Trinidad announces that rigless testing operations have commenced at the MOU-3 well at Guercif in Morocco.

 

The planned operations have been scheduled to be executed over a period of ten days.

 

The programme will complete the perforating and testing of the shallow "A" Sand.

 

For further information visit www.predatoroilandgas.com

 

Follow the Company on X @PredatorOilGas.

 

This announcement contains inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 on market abuse.

 

 

For more information please visit the Company's website at www.predatoroilandgas.com

 

Enquiries:

Predator Oil & Gas Holdings Plc

Paul Griffiths Chief Executive Officer

 

Tel: +44 (0) 1534 834 600

Info@predatoroilandgas.com

 

Novum Securities Limited

David Coffman / Jon Belliss

 

Oak Securities

Jerry Keen

 

 

 

Tel: +44 (0)207 399 9425

 

 

Tel: +44 (0)203 973 3678

Jerry.keen@oak-securities.com

 

 

Flagstaff Strategic and Investor Communications

Tim Thompson 

Mark Edwards

Fergus Mellon

 

 

 

 

 

Tel: +44 (0)207 129 1474

 predator@flagstaffcomms.com

Notes to Editors:

 

Predator is an oil & gas company with a diversified portfolio of assets including unique and highly prospective onshore Moroccan gas exposure and production, appraisal and exploration projects onshore Trinidad.

 

Morocco offers a potentially faster route to commercialisation of shallow biogenic gas through a CNG development. The MOU-3 well is currently the focus of rigless well testing activities. The next step will be to perforate the shallowest sand seen in this well that has yet to be evaluated. Moroccan gas prices are high, and the fiscal terms are some of the best in the world. 

 

Trinidad offers the security of a mature onshore oil province that has been producing hydrocarbons for over 50 years. Predator is assembling a portfolio of onshore producing fields with opportunities for production enhancement and additional infill development and appraisal drilling. Significant legacy tax losses, economies of scale and the application of new low-cost technologies are factors that can improve profit margins per barrel of oil produced.

 

Predator has an experienced management team with particular knowledge of the Moroccan and Trinidad sub- surface and operations. 

 

Predator Oil & Gas Holdings plc is listed on the Equity Shares (transition) category of the Official List of the London Stock Exchange's main market for listed securities (symbol: PRD).

 

For further information, visit www.predatoroilandgas.com  

 

 

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