Accelerated drilling of the MOU-5 well in Guercif: Predator Oil & Gas raises $2.5 million : Orishas-finance

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Accelerated drilling of the MOU-5 well in Guercif: Predator Oil & Gas raises $2.5 million

06/02/2025

Source : ORISHAS FINANCE

Categories: Index/Markets

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Accelerated drilling of the MOU-5 well in Guercif: Predator Oil & Gas raises $2.5 million

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Predator Oil & Gas announced in a statement that it had raised 2 million pounds sterling (approximately $2.5 million) in funding from institutional investors. The aim was to intensify its drilling activities in Morocco and Trinidad and Tobago in 2025.

La levée de fonds de Predator Oil & Gas servira à accélérer le forage du puits MOU-5 à Guercif, un site qui affiche des résultats prometteurs depuis the start of operations last April . The group said last September that it had detected quantities of helium at the site.

The drilling of the MOU-5 well has a strong impact for Predator Oil & Gas, which intends to assess both the helium potential and the prospects of a gas-to-electricity project located near the Maghreb gas pipeline.

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