StockMarketWire.com - Predator Oil & Gas Holdings said a licence application for oil and gas exploration in Morocco had been accepted by authorities.

The formal award of the exclusive licence was subject to the provision by Predator of a bank guarantee prior to a formal signing ceremony.

The licence would span eight years and was split into three phases, with an initial period of 30 months.

It covered an area of 7,269 square kilometres and comprised the Guercif permits one through four, lying east of the producing gas fields of the Gharb Basin and northwest of the Tendrara gas project.




At 8:12am: [LON:PRD] Predator Oil Gas Holdings Plc Ord Npv share price was +0.8p at 6.6p



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