Predator Oil & Gas to launch its drilling program in Guercif

The company specializing in oil and gas exploration said in the same statement that “the cost of Mou-2 was close to the final cost of the Mou-1 well, despite the supply problems.

Predator Oil & Gas, based in Jersey, estimated that the drilling operation will begin in the first weeks of December, announcing the conclusion of some agreements with some companies, mainly related to the sale of gas.

As a reminder, Predator Oil & Gas Holdings PLC discovered this new gas field in the Guercif area last January. An independent technical report conducted by SRL Consulting revealed a significant net gas contingent resource of 295 billion standard cubic feet of gas and an expected unrisked net present value of $592 million.

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