Technical Report for Cory Moruga onshore Trinidad
Predator Oil & Gas Holdings Plc has released an Independent Technical Report for its Cory Moruga onshore Trinidad operations, confirming 2P resources of 8.73 million barrels based on a US$60 per barrel oil price. The company is proceeding with drilling plans for the SC-3 well as scheduled, and the BON-20 well programme is progressing as planned, with a further update expected after its completion and testing. This initiative to increase production is strategically timed with a recent spike in oil prices.
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Highlights
- 2P resources of 8.73 MM bls
- Project economics based on US$60/bo
- SC-3 drilling plans proceeding as planned
- BON-20 well programme, objectives and progress as planned
- Programme to increase production coinciding with oil price spike
Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas Company with hydrocarbon operations focussed on production in Trinidad and appraisal and near-term development in Morocco, announces that further to the release of 25 February 2026 in respect of an operations update for Trinidad, the Company is publishing today (see link below) the Independent Technical Report ("ITR") by Scorpion Geoscience Ltd. for the proposed Snowcap-3 well ("SC-3") appraisal well in the Cory Moruga Exploration and Production Licence.
Following the management team's site visit to Trinidad last week, initial site and land registry investigations for two locations for an SC-3 and a potential follow-up SC-4 well commenced.
Star Valley Rig 205 was viewed and assessed at its current site by the Company's corporate operations manager.
The BON-20 drilling programme, objectives and current progress were reviewed.
A further update will be issued after the completion and anticipated testing of BON-20.
Paul Griffiths, Chief Executive Officer of Predator Oil & Gas Holdings Plc commented:
"We are making good progress on preparations to drill an SC-3 appraisal well, that in a success case and subject to regulatory approval can be put on production within a relatively short time framework. The publication of the ITR, which is based on US$60/bo, is timely given the current spike in oil prices and the prospect of continuing conflict within a key area contributing to global hydrocarbon production."
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Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.