Predator (LSE:PRD) Oil & Gas Holdings said preliminary testing of its MOU-6 well recovered only diesel and brine, with no gas inflow, after perforating the interval between 825.7 and 845.5 metres. The well has been suspended, possibly for future deepening.

What was announced

Predator (LSE:PRD) Oil & Gas Holdings Plc released an update on 30 October 2026 on preliminary Well Testing at MOU-6, its latest well on the onshore Guercif permit in Morocco. According to the summary of the announcement available on, the company successfully perforated the well between 825.7 metres and 845.5 metres.

However, the test interval combined low permeability with low gas saturations. As a result, there was no inflow of gas to the well. Only diesel and brine were recovered during testing. The company said it was disappointed with the outcome.

Shallow gas shows of up to 2.69% were sampled. The well has been suspended, with the possibility of deepening it at a later date.

The numbers

The disclosed figures are limited. The perforated section spans roughly 20 metres, between 825.7 metres and 845.5 metres. The highest shallow gas show sampled was 2.69%. No flow rates were reported because no gas flowed. The material reviewed did not include details of pressures, gas composition, testing equipment, the duration of the test, or the costs incurred.

The company said the data gathered is expected to enrich its database for evaluating prospective unconventional gas potential, and that it plans further analysis of the well's performance. It did not give a timetable for that analysis or for any decision on deepening.

Note: the page for this announcement displayed an AI-generated summary rather than the full regulatory text. The figures above are taken from that summary and should be checked against the company's full announcement.

Background

Before drilling, MOU-6 had been presented as a key well for the Guercif licence. According to a Hespress report published on 18 August 2026, the well was intended to target the structure previously crossed by the MOU-1 and MOU-3 wells, at a depth of about 950 metres. Its purpose was to clarify reservoir quality and determine whether identified gas resources could support a first development phase. Predator (LSE:PRD) has estimated net 2C contingent gas resources of 61.95 billion cubic feet in the MOU-1/MOU-3 structure, according to the same report.

The report also said the company was planning a pilot compressed Natural Gas (CNG) project aimed at Morocco's industrial market, and was studying a micro-liquefaction unit, both depending on drilling results and commercial conditions. Predator (LSE:PRD) was reported to be seeking a partner to help fund drilling, evaluation and a first development phase.

The MOU-6 programme had been delayed from late 2025 and then from the first half of 2026, with delays attributed to regional logistics. Hespress reported that the rig contract with Intrepid Drilling (Rig 101) had been extended and that an operating window from 1 August to 1 October 2026 was reserved for the Guercif well. An earlier well, MOU-5, drilled in March 2025, reached 1,137 metres without encountering its Jurassic carbonate target. After MOU-6, the rig team was expected to move to the Snowcap-3 project in Trinidad and Tobago.

What to watch next

Investors will look for the results of Predator (LSE:PRD)'s further analysis of MOU-6, any decision on deepening the suspended well and any update on the company's plans for the Guercif licence, including the CNG pilot and partnering efforts. Any revision to the company's contingent resource estimates for the MOU-1/MOU-3 structure following this result would also be relevant. The timing of the planned move to Trinidad and Tobago has not been confirmed in the material reviewed.