Predator Oil & Gas Holdings Plc has announced an update on its corporate presentation and operations. The company, with a focus on near-term hydrocarbon operations in Morocco and Trinidad, has made its Corporate Presentation Update available on its website. The presentation will be held at The Chesterfield Mayfair in London, and interested parties can confirm their attendance through a registration link provided. Predator is the operator of the Guercif Petroleum Agreement onshore Morocco, which is prospective for Tertiary and Jurassic gas. The company's near-term focus is on supplying compressed natural gas to the Moroccan industrial market, with a Collaboration Agreement for potential CNG gas sales executed with Afriquia Gaz. Further drilling activity is anticipated in 2024 to evaluate the MOU-4 Jurassic prospect.
In Trinidad, Predator is seeking to apply CO2 EOR techniques and has acquired T-Rex Resources (Trinidad) Ltd., which holds the Cory Moruga Production Licence. This licence is a potentially significant asset for the company, capable of generating positive operating profits in the near-term. Predator also owns and operates exploration and appraisal assets in licensing options offshore Ireland, adjoining Vermilion's Corrib gas field in the Slyne Basin and east of the decommissioned Kinsale gas field in the Celtic Sea. The company has developed a Floating Storage and Regasification Project for the import of LNG and its regassification for Ireland, as well as gas storage concepts to address security of gas supply and volatility in gas prices during peak gas demand.
The company's progress for the Mag Mell FSRUP will be dependent on government policy in relation to energy supply security, with a generalised FSRUP concept now recognized by the government as an option for energy supply security. For more information, visit the company's website or follow them on social media.