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Predator Oil & Gas Holdings Plc ( (GB:PRD) ) has issued an announcement.
Predator Oil & Gas Holdings Plc announced an interim update on its MOU-3 well in Morocco, highlighting successful perforation using larger perforating guns and ongoing efforts to address formation damage. The company plans to implement a new well design for MOU-6 to mitigate formation damage and enhance reservoir productivity, with operations completed under budget, indicating a strategic move to improve operational efficiency and maintain momentum in their exploration activities.
More about Predator Oil & Gas Holdings Plc
Predator Oil & Gas Holdings Plc is an oil and gas company with a diverse portfolio, focusing on onshore gas operations in Morocco and oil projects in Trinidad. The company aims to capitalize on Morocco’s favorable fiscal terms and high gas prices, while leveraging Trinidad’s mature oil province for production enhancement and development opportunities.
Average Trading Volume: 2,009,699
Technical Sentiment Signal: Hold
Current Market Cap: £37.75M
Find detailed analytics on PRD stock on TipRanks’ Stock Analysis page.