Business
Interim drilling update MOU-3
Interim drilling update MOU-3.
About this update from Predator Oil & Gas Holdings Plc
[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE\n13 June 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 Interim drilling update MOU-3\n \nHighlights\n \n· Significant shallow overpressured gas encountered\n \n· 95/8\" casing safely set at 778.5 metres TVD MD\n \n· De-risks gas migration to six potential deeper targets\n \n· Drilling ahead on schedule and within budget\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 an interim drilling update for the MOU-3 well appraising the Moulouya Fan primary reservoir target for which contingent gas resources have been previously announced.\n \nOperations update\n \nPrior to setting 95/8\" casing an inflow of gas into the well was experienced. A substantial drilling break from 339 to 350 metres TVD KB was identified as the source of the gas. This correlated with an 11 metre-thick, unconsolidated, good quality sand with elevated background gas readings.\n \nMud weight was gradually increased to 1.25 S.G., above that required to balance hydrostatic pressure. to reduce the inflow of gas into the well. This gas zone is therefore significantly overpressured (122 psi overpressured) and likely to be supported by connectivity to gas volume to provide pressure support. \n \nA second thin sand with a 2.42% formation gas show was encou...