Business
MOU-4 Update
MOU-4 Update.
About this update from Predator Oil & Gas Holdings Plc
[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE\n13 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 \n MOU-4 update with results of NuTech petrophysical analysis\n \nHighlights\n \n· 64 metres of likely gas sands interpreted by NuTech in MOU-4\n \n· Likely gas reservoir at top of Jurassic carbonate target\n \n· Rigless testing programme will now include the Jurassic\n \n· Significant Jurassic gas potential if rigless testing is successful\n \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 update for the MOU-4 well.\n \nNuTech wireline log analysis and reservoir characterisation of the MOU-4 well has highlighted the following intervals to be likely gas sands that will form the primary objectives in a rigless testing programme.\n \n519 to 713 metres TVD MD, including the M1 sands.\n \n50 metres of likely gas sands.\n \n778 to 879 metres TVD MD, including the Moulouya fan and Lower Fan.\n \n12 metres of likely gas sands.\n \n1139 to 1143 metres TVD MD, including the top of the Jurassic carbonates.\n \n2 metres of likely gas reservoir with average porosity 19.9% (maximum 20.6%) and average gas saturation 56% (maximum 73%).\n \nAs previously announced the culmination of the Jurassic carbonate target lies 2.6 kilometres to the southeast of the MOU-4 well location and significantly higher than at the MO...