Client News

Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company with operations in Trinidad, Morocco and Ireland is pleased to announce that the MOU-1 well was spudded at 0100 hours on Sunday 20th June 2021 with drilling ahead in progress to the first planned 133/8” casing point.

The well is forecast to take up to 20 days to drill and to run wireline logs.

MOU-1 has been given a “tight hole” status and therefore, unless circumstances  dictate otherwise, there will be no more information released until wireline logs have been evaluated.

Paul Griffiths, CEO of Predator Oil & Gas Holdings Plc commented:

“We are delighted to have completed the rig mobilisation, rigging up and spudding of the MOU-1 well safely and in complete alignment with the pre-drill schedule. This is an exciting well for the Company and its shareholders and represents the culmination of work over the last 18 months, during the COVID crisis,  to create the opportunity to drill in Guercif at this time. We are very appreciative of the many people within the Company and especially those contracted to the Company who have worked together as a team to execute the initiation of the drilling programme. We are also grateful for the unwavering support given to us by our partner ONHYM to help facilitate the commencement of operations. Pictures from the MOU-1 well site can be found at www.predatoroilandgas.com “

https://www.londonstockexchange.com/news-article/PRD/mou-1-commences-drilling/15024838

​