Predator Oil & Gas, a Jersey-based company, has reaffirmed its commitment to its Moroccan assets following a decline in its stock price after the publication of its annual results. The company emphasized the progress of its operations in Morocco, particularly on the Loukos and Moulouya permits, to reassure investors about its financial outlook.
According to the company's statements, the Loukos permit, located onshore in the Gharb Basin, has shown promising potential for gas discoveries. Predator has been conducting seismic surveys and planning drilling activities to further evaluate the resource. The Moulouya permit, also in Morocco, is part of the company's broader strategy to develop gas resources in the region.
The company's efforts are aimed at capitalizing on Morocco's growing energy demand and its strategic position as a hub for energy exports. Predator's management has stressed that the Moroccan projects remain central to its growth strategy, despite recent market volatility.
