Predator starts MOU-6 drilling in Morocco

Predator Oil & Gas ($PRD) reported the start of drilling operations at MOU-6 in Morocco. The company expects the operation to take up to 20 days, progressing the well toward objectives described in its earlier technical work. The update confirms that drilling has moved from preparation into execution.

No drilling result, gas flow rate or commercial discovery was announced with the commencement notice. The anticipated duration is an operational estimate and can change as work progresses. Investors will need subsequent drilling and testing disclosures to assess the well’s outcome. Starting the well does not establish new reserves, guarantee future production or demonstrate that the wider project has secured development financing.

Sources:

• Predator Oil & Gas — commencement of MOU-6 drilling, RNS