Predator Oil and Gas Company announced on Friday that the Phase 1 Guercif rigless well testing is scheduled to commence before 25 January with Phase 2 utilizing Sandjet scheduled for early February to early March. The initial phase is expected to last up to 14 days.
“An updated Independent Technical Report (“ITR”), incorporating the 2023 MOU-3 and MOU-4 well results is currently being prepared by Scorpion Geoscience Ltd. for the Guercif block and resource potential of the prospective area tested by MOU-1, MOU-2, MOU-3 and MOU-4,” said the company in a press release.
It also said that the test results showed that a 20 mm cfgpd profile for up to 5 years may be achievable.
The company added that the Phase 1 rigless testing of a small interval of the MOU-3 Moulouya Fan reservoir has only currently been programmed to evaluate reservoir quality and potential gas flow rates at this location, explaining that this may allow the Company to improve upon the design of the Phase 2 rigless testing program using Sandjet to further evaluate the Moulouya Fan.
The duration of operations in phase 2 is expected to be for up to 21 days.
Depending on the results of the Phase 1 rigless testing, Petroleum Agreement Amendment #4 could allow an exploitation concession application by March 5, 2024.
“I am pleased to confirm that 2024 is set to be the busiest year for activity since the Company was incorporated,” said Executive Chairman of Predator Paul Griffiths.
The milestones to be met for potential monetization of gas in Morocco, subject to the results of Phase 1 rigless testing, are now clearly defined from a regulatory, technical, marketing, and operational perspective, he added.
Predator is an operator of the Guercif Petroleum Agreement onshore Morocco which is prospective for Tertiary and Jurassic gas. The current focus of the exploration and appraisal drilling program is located less than 10 kilometers from the Maghreb gas pipeline.