Predator Oil & Gas Says Valuation of Morocco Prospect Points to Large Contingent Gas Resources

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by Anthony O’Goryinoff

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Predator Oil & Gas Holdings plc said on Thursday that an independent technical report for its prospects in Morocco established material emergent gas resources for the company of 295 billion standard cubic feet of gas, as well as a risk-free expected investment of $592 million. net present value. , A risk-free value estimates the potential resources to be realizable assuming their growth.

The London-listed oil-and-gas company, with operations in Trinidad, Morocco and Ireland, said the mobilization of gas resources gave it an additional option for shareholder monetization, and that it “reversed in the entity exposed to the Guercife opportunity.” [offshore Morocco] should not be discounted” as a future option.

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Chief executive Paul Griffiths said, “Management and the largest individual shareholder would be very supportive of such a move if the value proposition was sufficiently attractive to shareholders and the Gursif license warrants quick exploitation of the sector’s full potential.”

Shares were up 0.15 pence, or 2.7%, at 5.65 pence at 1035 GMT.

Anthony O. Write to Goriainoff at [email protected]

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