The British company Predator Oil & Gas is optimistic about exploring the Guercif I, II, III and IV licenses. In a note released on Thursday, they said that the net recoverable future resources are estimated at 474 billion cubic feet, “with a high estimate of 943 billion cubic feet of gas.” These estimates were provided by SRL Consulting Ireland Ltd., a firm specializing in the oil and gas sectors.
“This prospective SLR resource audit validates the significant potential for volumetric and recoverable gas resources while indicating that there is no significant obstacle to the monetization of uncovered gas,” said company boss Paul Griffiths. Recall that the permits are located about 100 km northwest of Tendrara (Oriental). Predator Oil & Gas holds a 75% stake compared to 25% for ONHYM.