Predator Oil & Gas Holdings Plc, LSE:PRD, has provided an interim update on its MOU-3 well in Morocco, reporting successful perforation using larger perforating guns and ongoing efforts to resolve formation damage. Looking ahead, the company intends to apply a new well design for MOU-6 to reduce formation damage and boost reservoir performance. Notably, these operations were completed under budget, reflecting Predator’s strategic focus on operational efficiency and sustained exploration progress.
About Predator Oil & Gas Holdings Plc
Predator Oil & Gas Holdings Plc is an exploration and production company with assets in Morocco and Trinidad. In Morocco, the company targets onshore gas opportunities, benefiting from attractive fiscal terms and strong gas pricing. In Trinidad, it is focused on optimizing output from mature oil fields, aiming to enhance production and unlock further development potential.
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