Business
Update on Guercif testing Morocco and Trinidad
Update on Guercif testing Morocco and Trinidad.
About this update from Predator Oil & Gas Holdings Plc
[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE\n30 November 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 \nUpdate on Guercif testing programme, Morocco and Trinidad\n \n \n \n Highlights\n \n· Petroleum Agreement Amendment No.3 and corresponding Exploration Permits being approved shortly\n \n· Rigless testing programme re-scheduled for January 2024\n \n· Memorandum of Understanding in relation to Gas Sales and Collaboration Agreements signed with Afriquia Gaz\n· Afriquia Gas most recent reported revenue figure is 8.72 billion MAD, approximately equivalent to £700 million\n· Fully funded for a pilot CNG development\n· Environmental Impact Assessment commissioned for 3 wells proposed for 2024 drilling programme including the Jurassic target\n \n· Cory Moruga Independent Technical and Resources Report to be published in December 2024\n \n \nPredator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas Company with near-term operations focussed on Morocco and Trinidad, provides an update on the background to, rationale for and current progress of the Company's rigless testing programme within the northwest area of interest of the Guercif Petroleum Agreement and corresponding...