On 30 November 2018, Predator Oil & Gas (Predator), through its subsidiary Predator Gas Ventures Ltd, signed a petroleum agreement covering the Guercif Onshore permit, northeast Morocco. The Guercif permit includes four blocks, located north of Sound Energyâs Tendrara permit and east of SDXâs permits. The company was awarded an exclusive licence for the permit on 30 November 2018 subject to the provision by Predator of a Bank Guarantee.  The permit includes a thirty-month initial period with commitments to reprocess 250 km of 2D seismic and to drill one well to a minimum depth of 2,000 m to test the Miocene gas layer, which is producing in the Rharb basin.    The agreement includes two possible extension periods. The first extension period will last for 36 months and will be followed by a second extension period of 30 months. During the possible extension periods the company plans to explore the deeper Triassic gas and Jurassic oil and gas.    Predator will operate the permit with a 75% interest and ONHYM will held the remaining 25%.
Predator Oil & Gas (Predator), through its subsidiary Predator Gas Ventures Ltd, signed a petroleum agreement covering the Guercif Onshore permit, northeast Morocco. The Guercif permit includes four blocks, located north of Sound Energyâs Tendrara permit and east of SDXâs permits.