Predator Oil & Gas Holdings Plc (GB:PRD) has released an update.
Predator Oil & Gas Holdings Plc has commenced rigless testing in Morocco, marking the first use of innovative Sandjet and coiled tubing technology in the country. Despite delays due to customs and regulatory processes, the company has managed to begin operations within the First Extension Period of the Guercif Petroleum Agreement. The MOU-3 rigless testing program remains on track, with the company aiming to supply compressed natural gas (CNG) to the Moroccan industrial market and considering strategic options, including mergers and acquisitions, to finance its ‘First Gas’ initiative.
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