Predator Oil & Gas Holdings Plc (GB:PRD) has released an update.
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Predator Oil & Gas Holdings Plc has announced an extension of its MOU-3 rigless testing program in Morocco due to promising initial results, alongside the appointment of Zenith Energy for well engineering support. The company has completed a study on the helium potential in the MOU-5 well, with resource estimates expected shortly. In Trinidad, Predator has acquired additional equity in the Cory Moruga License and has executed a Memorandum of Understanding to apply a patented wax treatment to enhance oil flow rates, leveraging US$ 55 million of inherited tax losses to potentially increase cash flow.
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