Client NewsPredator Oil & Gas Holdings Plc: Near-term operations and board change
Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company with operations in Trinidad, Morocco and Ireland provides the following update.
The Company’s primary operational focus will be to implement its work programme to build on the success of the MOU-1 drilling programme. Planning for MOU-4 is underway with long lead materials being identified to ensure material delivery in ample time prior to the spud date of MOU-4. Further developing the potential for a Floating Storage and Regassification Unit (“FRSU”) for LNG imports will also be discussed with suitable local off-takers of gas and other more carbon-intensive fuels that are active in the downstream energy sector in Morocco. The Company is pleased to be working with the Schulte Group (https://www.schultegroup.com) to develop the project concepts.
Together this will expand the Company’s options to enter at the earliest opportunity the Moroccan gas market, which currently provides a very attractive commercial proposition.
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