Business
Completion of MOU-4 drilling and logging
Completion of MOU-4 drilling and logging.
About this update from Predator Oil & Gas Holdings Plc
[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE\n11 July 2023\n \n Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas\n LEI 213800L7QXFURBFLDS54\nPredator Oil & Gas Holdings Plc\n(\"Predator\" or the \"Company\" and together with its subsidiaries the \"Group\")\n \n Completion of MOU-4 drilling and logging operations\n \nHighlights\n \n· MOU-4 drilled and completed for rigless testing\n \n· Moulouya Fan anomaly extends further to the southeast than previously map\n \n· Potential for sealed Jurassic carbonate target substantiated by MOU-4\n \n· 43 metres of likely gas sands interpreted by NuTech in MOU-3\n \n \nPredator 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-4 well.\n \nMOU-4 preliminary drilling results\n \nA preliminary summary of the results from the zones of interest is given below pending further NuTech petrophysical wireline analysis and reservoir characterisation. .\n \n \n1. M1 Sand interval and deeper\n \nWithin the interval from 540 to 589 metres TVD MD, 26.5 metres of sands were encountered.\n \nNo structural closure was mapped pre-drill within this interval. Pending the results of the NuTech wireline log analysis this interval may be re-mapped and re-assessed. It had not previously been considered as a potential target and this is the first time that the Company has acquired wireline logs over this shallow interval.\n \n2. Moulouya Fan\n \nFrom 779.5 metres to 809.8 metres TVD MD the Moulouya Fan is present as pro...