Predator Oil & Gas Holdings (LSE:PRD) announced it has completed drilling operations at its MOU-6 well in Morocco, reaching a planned total depth of 950 metres within the previously flagged 20-day guidance.
The Jersey-based oil and gas company, which operates producing and exploration assets in Trinidad and Morocco, said the well encountered the top of its primary target, the TGB-6 Submarine Fan interval, 600 metres northwest of the earlier MOU-3 well.
The gross upper interval came in at 21.2 metres, thicker than the roughly 13.2 metres penetrated at MOU-3, which the company said matches pre-drill forecasts built from 2D seismic inversion data and its depositional model for the fan across the MOU-1, MOU-3 and MOU-6 area.
The well is now being prepared for perforation using larger 4.5-inch guns across the full 21.2-metre interval, with a single well test expected to begin shortly; spectral gamma ray and formation microresistivity logs have already been acquired.
Once testing and data processing are complete, Predator plans to integrate the results with existing data to update its assessment of biogenic gas potential across the MOU-1, MOU-3 and MOU-6 area.
The company has signed a confidentiality agreement with Geo Line Solution S.R.L., a Romanian firm with experience in biogenic gas fields in Romania and western Ukraine, to help calibrate the section between 800 and 1,100 metres across the three wells.
MOU-6 is the first of two wells Predator has flagged for Morocco and Trinidad over a three-month window, with the company's £3m conditional placing in May earmarking £520,000 for long-lead MOU-6 inventory ahead of the drilling campaign.
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- 21/09/26Predator Oil & Gas begins drilling at Morocco's MOU-6 well
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- 29/07/26Predator Oil & Gas amends rig deal to drill MOU-6
Separately, Predator has received regulatory approval to drill Snowcap-3 in the Cory Moruga licence onshore Trinidad, a well the company's placing proceeds budgeted roughly £250,000 plus a £400,000 contingency to deepen by roughly 150 feet and test the Herrera #8 Sand.
"We are pleased to have successfully completed the drilling phase of MOU-6 based on the new well design and mud weight strategy," said chief executive Paul Griffiths, adding that operational focus will now shift to Trinidad.
Predator said it will provide a further update on Snowcap-3's progress and timing once Moroccan operations are complete.