MOROCCO: Predator Oil & Gas Announces Commencement of MOU-6 Drilling Operations

Predator Oil & Gas announces that the MOU-6 well commenced drilling on 19 September 2026 with well operations planned to last for up to 20 days.

The MOU-6 well is designed to target the TGB-6 stacked submarine turbidite sands and hallower A-Sand targets penetrated in PRD’s MOU-3 gas discovery. A key aspect of the Predator Oil & Gas work programme to date has been the considered and systematic approach to exploration which has resulted in a substantial increase in knowledge of the geological setting and more efficient targeting of plays.

The discovery of a biogenic gas play in the centre of the Tertiary basin well away from existing wells is a good example of this approach.

The main target outlines for MOU-6 along with the southern component of the TGB-6 trap penetrated by MOU-1 and broader 81km² stratigraphic component of trapping associated with the main TGB-6 stacked fan interval. The relatively shallow <1,000m TVD targets result in low drilling costs and positive economic drivers for near-term development.

Combined updated summary of Gross GIIP and Gross Unrisked Recoverable Contingent and Prospective Resources at
within the Guercif submarine turbiditic fan play that will be appraised by the planned MOU-6 well.

There is potential to get discovered gas to market with ease and the Government is supportive and aligned commercially and strategically having a strong desire to keep gas in-country. At present, the optimalshort term commercial market for gas in the Guercif basin whilst resources and production are established is Compressed Natural Gas (CNG) to local industry.

Morocco is a rapidly growing economy with the potential for significant increases in industrial capacity if clean affordable local energy can be sourced. Drilling of the proposed MOU-6 well is seen by Predator Oil & Gas as a key step in converting contingent resources to producible reserves.