{"id":9260,"date":"2020-10-05T11:03:53","date_gmt":"2020-10-05T11:03:53","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=9260"},"modified":"2020-10-05T11:03:53","modified_gmt":"2020-10-05T11:03:53","slug":"morocco-predator-oil-gas-provides-technical-update-for-mou-4-prospect","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/morocco-predator-oil-gas-provides-technical-update-for-mou-4-prospect\/","title":{"rendered":"MOROCCO: Predator Oil &#038; Gas Provides Technical Update for MOU-4 Prospect"},"content":{"rendered":"<p class=\"cd\"><span class=\"bm\">An independent third party technical update on the new MOU-4 Prospect has been completed.<\/span><\/p>\n<p class=\"cd\"><span class=\"bm\">It confirms that the MOU-4 prospect is seismic amplitude-supported and covers an area of 38 km\u00b2. The MOU-4 Prospect is located 6 kilometres from the MOU-1 drill site and offers the opportunity for additional drilling whilst the rig is mobilised on the MOU-1 site. The primary gas target is prognosed to occur at 1475 metres TVD KB.<\/span><span class=\"bm\">\u00a0<\/span><\/p>\n<p class=\"cd\"><span class=\"bm\">SLR Consulting Ireland Ltd will complete a Competent Persons Report for the new MOU-4 Prospect and an update on the results will be provided.<\/span><span class=\"bm\">\u00a0<\/span><\/p>\n<p class=\"cd\"><span class=\"bm\">COVID-19 restrictions remain in force. The Company remains &#8220;drill ready&#8221; based on the operational planning and site visit undertaken in March this year and bids for well services that have been received.<\/span><\/p>\n<p class=\"ce\"><span class=\"bh\">Paul Griffiths, Chief Executive of Predator, commented:<\/span><\/p>\n<p class=\"cf\"><span class=\"bm\">&#8220;We are pleased to be continuing to make operation progress on all fronts despite the obvious constraints that COVID-19 impose, particularly in an onshore operating environment embedded within local communities. We have prudently taken steps to ensure we focus personnel and cash resources during COVID-19 on maturing our businesses and developing credible additional opportunities for them in order to strengthen the ability to generate potential, project-backed,\u00a0 M &amp; A value. Acquiring an asset such as FRAM would have been non-sensical in this context. It would have potentially diverted valuable resources away from Morocco, which remains the greatest potential risk\/reward prize in the Company&#8217;s portfolio and is an absolute priority for the Company to drill as early as COVID-19 restrictions allow.&#8221;<\/span><\/p>\n<p>Predator is operator of the Guercif Petroleum Agreement onshore Morocco which is initially prospective for Tertiary gas in prospects less than 10 kilometres from the Maghreb gas pipeline.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An independent third party technical update on the new MOU-4 Prospect has been completed. It confirms that the MOU-4 prospect is seismic amplitude-supported and covers an area of 38 km\u00b2. &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/morocco-predator-oil-gas-provides-technical-update-for-mou-4-prospect\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":9261,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7446,11],"tags":[8544,8545,8543,8542,8541,8546],"class_list":["post-9260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-north-africa","category-top-news","tag-guercif-petroleum-agreement","tag-maghreb-gas-pipeline","tag-mou-1","tag-mou-4","tag-predator-oil-gas","tag-slr-consulting-ireland-ltd","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Morocco-Predator-Oil-Gas.jpg?fit=1767%2C1222&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2pm","jetpack-related-posts":[{"id":12570,"url":"https:\/\/www.oilnewskenya.com\/index.php\/morocco-predator-oil-gas-to-raise-3-3-million-towards-drilling-of-the-mou-2-well\/","url_meta":{"origin":9260,"position":0},"title":"MOROCCO: Predator Oil &#038; Gas to Raise \u00a33.3 million towards Drilling of the MOU-2 Well","author":"","date":"August 17, 2022","format":false,"excerpt":"The Proceeds of the Placing, less expenses, will be spent entirely on high impact and high reward drilling to target the Moulouya Fan penetrated in MOU-1 in 2021. MOU-2 will target the potential reservoir sweet spot for which net Contingent Resources are in the range 295 BCF (Best Estimate) to\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/morocco-guercif.jpg?fit=1200%2C830&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/morocco-guercif.jpg?fit=1200%2C830&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/morocco-guercif.jpg?fit=1200%2C830&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/morocco-guercif.jpg?fit=1200%2C830&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/morocco-guercif.jpg?fit=1200%2C830&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":11603,"url":"https:\/\/www.oilnewskenya.com\/index.php\/morocco-new-independent-re-assessment-valuation-at-guercif-licence-concludes-project-likely-to-be-commercially-viable\/","url_meta":{"origin":9260,"position":1},"title":"MOROCCO: New Independent Re-assessment &#038; Valuation at Guercif Licence Concludes Project Likely to be Commercially Viable&#8217;.","author":"","date":"January 14, 2022","format":false,"excerpt":"Predator Oil & Gas Holdings has announced the completion by SLR Consulting (Ireland) Ltd. of a Competent Persons Report (CPR) comprising of an independent re-assessment and valuation of the \"Guercif MOU-4 Prospect and now defined as the Tertiary Moulouya Turbidite Fan Appraisal Project following the incorporation of the positive MOU-1\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Morocco-Predator-Oil-Gas.jpg?fit=1200%2C830&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Morocco-Predator-Oil-Gas.jpg?fit=1200%2C830&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Morocco-Predator-Oil-Gas.jpg?fit=1200%2C830&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Morocco-Predator-Oil-Gas.jpg?fit=1200%2C830&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Morocco-Predator-Oil-Gas.jpg?fit=1200%2C830&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":13452,"url":"https:\/\/www.oilnewskenya.com\/index.php\/morocco-predator-oil-gas-raises-2-million-to-fund-mou-3-well\/","url_meta":{"origin":9260,"position":2},"title":"MOROCCO: Predator Oil &#038; Gas Raises \u00a32 million to Fund MOU-3 Well","author":"","date":"March 18, 2023","format":false,"excerpt":"Predator Oil & Gas Holdings Plc\u00a0(LSE: PRD), the Jersey based\u00a0Oil and Gas Company\u00a0with near-term gas operations focussed on\u00a0Morocco\u00a0is pleased to announce that it has conditionally placed\u00a015,500,000 new ordinary shares of no par value in the Company and 20,863,636 existing ordinary shares of no par value in the Company\u00a0transferred by a\u2026","rel":"","context":"In &quot;North Africa&quot;","block_context":{"text":"North Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/north-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/03\/morocco-GUERCIF-1.jpg?fit=1200%2C830&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/03\/morocco-GUERCIF-1.jpg?fit=1200%2C830&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/03\/morocco-GUERCIF-1.jpg?fit=1200%2C830&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/03\/morocco-GUERCIF-1.jpg?fit=1200%2C830&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/03\/morocco-GUERCIF-1.jpg?fit=1200%2C830&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":12059,"url":"https:\/\/www.oilnewskenya.com\/index.php\/morocco-predator-oil-gas-raises-1-035-million-for-drilling-operations\/","url_meta":{"origin":9260,"position":3},"title":"MOROCCO: Predator Oil &#038; Gas Raises \u00a31.035 million for Drilling Operations","author":"","date":"March 18, 2022","format":false,"excerpt":"Highlights\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00b7\u00a0\u00a0\u00a0\u00a0Secure option on rig to drill within a definitive time window\u00a0 \u00b7\u00a0\u00a0\u00a0\u00a0Planned construction of two well pads\u00a0 \u00b7\u00a0\u00a0\u00a0\u00a0Competitiveness in accessing well services and materials enhanced\u00a0 \u00b7\u00a0\u00a0\u00a0\u00a0Second gas target identified for first well\u00a0 \u00b7\u00a0\u00a0\u00a0\u00a0Exploration target for Jurassic gas being matured\u00a0 \u00b7\u00a0\u00a0\u00a0\u00a0Quote received and reviewed for MOU-1 well testing \u00a0Predator Oil\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/morocco-guercif.jpg?fit=1200%2C830&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/morocco-guercif.jpg?fit=1200%2C830&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/morocco-guercif.jpg?fit=1200%2C830&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/morocco-guercif.jpg?fit=1200%2C830&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/morocco-guercif.jpg?fit=1200%2C830&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":13068,"url":"https:\/\/www.oilnewskenya.com\/index.php\/morocco-predator-oil-gas-prepares-for-mou-2-drilling\/","url_meta":{"origin":9260,"position":4},"title":"MOROCCO: Predator Oil &#038; Gas Prepares for MOU-2 Drilling","author":"","date":"January 3, 2023","format":false,"excerpt":"Predator Oil & Gas Holdings has announced that the Star Valley Rig 101 is now on the MOU-2 well location. Final preparations are being made to commence drilling. A further update will be given, which is subject to partner approval, when MOU-2 reaches its intended pre-drill total depth of 1,500\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Morocco-Predator-Oil-Gas.jpg?fit=1200%2C830&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Morocco-Predator-Oil-Gas.jpg?fit=1200%2C830&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Morocco-Predator-Oil-Gas.jpg?fit=1200%2C830&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Morocco-Predator-Oil-Gas.jpg?fit=1200%2C830&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Morocco-Predator-Oil-Gas.jpg?fit=1200%2C830&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":10599,"url":"https:\/\/www.oilnewskenya.com\/index.php\/predator-oil-gas-raises-1-3m-for-mou-1-well-appraisal\/","url_meta":{"origin":9260,"position":5},"title":"Predator Oil &#038; Gas Raises \u00a31.3M for MOU-1 Well Appraisal","author":"","date":"July 20, 2021","format":false,"excerpt":"Predator Oil & Gas has announced that it has conditionally placed\u00a026,000,000\u00a0\u00a0new ordinary shares of no par value in the Company at a placing price of 5 pence each to raise \u00a31.3 million before expenses. The Company is intent on rapidly building upon the safe and successful MOU-1 drilling campaign to\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Morocco-Predator-Oil-Gas.jpg?fit=1200%2C830&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Morocco-Predator-Oil-Gas.jpg?fit=1200%2C830&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Morocco-Predator-Oil-Gas.jpg?fit=1200%2C830&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Morocco-Predator-Oil-Gas.jpg?fit=1200%2C830&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Morocco-Predator-Oil-Gas.jpg?fit=1200%2C830&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=9260"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9260\/revisions"}],"predecessor-version":[{"id":9262,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9260\/revisions\/9262"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/9261"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=9260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=9260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=9260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}