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Drilling/Production Report
Drilling/Production Report.
About this update from Predator Oil & Gas Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 6393I Predator Oil & Gas Holdings PLC 12 August 2019 \n\nFOR IMMEDIATE RELEASE\n12 August 2019\n \nPredator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas\nPredator Oil & Gas Holdings Plc\n(\"Predator\" or the \"Company\" and together with its subsidiaries \"the Group\")\n \n Progress Update Trinidad - Carbon Dioxide Enhanced Oil Recovery (\"C02 EOR\")\n \nHIGHLIGHTS\n \n \n· Well workover operations at AT-4 and AT-5X have started\n \n \nPredator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company, today provides an operations update on its progress onshore Trinidad.\nFram Exploration Trinidad Ltd. (\"FRAM\"), the operator of the Inniss-Trinity field and a wholly-owned subsidiary of Columbus Energy Resources PLC has commenced workover operations to survey downhole the AT-4 and AT-5X wells to ensure there are no obstructions that would prevent Predator's preferred downhole completion design from being installed across the Herrera sand interval chosen for the first injectivity and production test.\nAT-4 and AT-5X are the wells chosen for initial Pilot C02 Enhanced Oil Recovery operations.\nA further operational update will be issued once the downhole well survey results have been assessed.\n \nPaul Griffiths, Chief Executive of Predator, commented:\nWe are pleased that operations have begun to potentially clear the way for the next stage of the C02 EOR Pilot Project to begin. Simultaneously we are accelerating our plans to drill in Morocco and expect to conclude an option on a rig in the near future, subject to acceptable commercial terms, based on current discussions with several parties. We are looking forward to a very busy and exciting period of sustained operations over the next 6 months with Morocco potentially offering a transformational opportunity for near-term value creation for our shareholders.\nEnquiries:\n \n\n\n\n\nPredator Oil & Gas Holdings plc\nPaul Griffiths, Chief Executive Officer\nCarl Kindinger, Non-Executive Chairman\n \n\n\nTel: +44 (0)1534 834600\n\n\n\n\nBrandon Hill Capital\nJonathan Evans / Oliver Stansfield\n \nNovum Securities Limited ...