Source - Alliance News

Predator Oil & Gas Holdings PLC - Jersey-based oil and gas company with near-term gas operations focussed on Morocco - Says 64 metres of gas has been interpreted by the National University of Technology’s wireline log analysis at the MOU-4 well. Says it is likely that there is a gas reservoir at the top of the Jurassic carbonate target.

Executive Chair Paul Griffiths says: ‘The recognition by NuTech of likely good quality thin gas reservoirs at the top of the Jurassic carbonate is particularly significant in the context of the large Jurassic structural closure that MOU-4 was purposely located at the edge of, to successfully penetrate the primary pre-drill target which was the Moulouya Fan.’

Current stock price: 14.00 pence, up 44% on Thursday

12-month change: up 38%

Copyright 2023 Alliance News Ltd. All Rights Reserved.

Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Predator Oil & Gas Holdings PLC (PRD)

+0.25p (+2.94%)
delayed 16:06PM