Predator Oil & Gas reported £1.52 million ($2.06 million) in net petroleum revenue for the first half of 2026 as the company prepares to begin drilling at its MOU-6 well in Morocco. The Jersey-based oil and gas company said it sold 52,130 barrels of oil between January and June from its producing fields in Trinidad, with the revenue figure stated before operating costs.
Civil engineering work for the MOU-6 well pad in Morocco has been completed, marking a key step toward the start of drilling operations. The company said explosives needed for perforating guns used during well testing have arrived at a Moroccan port, describing the equipment as the most important long-lead item for deciding when to move the drilling rig to the site. CEO Paul Griffiths said Predator expects to have a date for the start of MOU-6 operations within the next two weeks, based on the current schedule.
The MOU-6 well forms part of Predator’s exploration activities in Morocco, where the company is focused on developing onshore gas resources. Predator said successful testing and evidence of hydrocarbon flow would help it move toward commercial agreements and financing for future development, with its Moroccan assets seen as offering a relatively quick route to commercial gas production through compressed natural gas or micro-liquefied natural gas projects.
The company also reported progress in Trinidad, where preparations for the Snowcap-3 well are proceeding on schedule. Predator said recent work on the GY 664 well in the Goudron field has produced steady output of between 30 and 32 barrels of oil per day during August, contributing to the revenue generated from its Trinidadian operations during the first half of the year.
Predator has previously identified the structure targeted by its MOU-1 and MOU-3 wells as holding strong hydrocarbon potential, part of the company’s broader push to advance its Moroccan gas portfolio toward commercial production while maintaining steady output from its established Trinidad assets.
