The British company Predator Oil & Gas is making progress in the upcoming exploration of the Guercif I, II, III and IV licenses. Its subsidiary Predator Gas Ventures Ltd. (PGVL) has just concluded an installation option agreement with Canada’s Star Valley Drilling Ltd. to explore Guercif’s licenses. Star Valley Drilling Ltd. is currently undertaking an extensive drilling program for SDX Energy Plc in the Gharb Basin.
The agreement is valid until January 31, 2020 (unless otherwise agreed by the parties) to allow for the negotiation and execution of a legally binding drilling contract, says Predator. Thus, the company plans to mobilize the drilling platforms between March 15 and April 30, 2020. Initially, drilling will focus on the prospect Moulouya-1 with the objective of reaching 2,000 m.