• Predator Oil & Gas to divest its 75% stake in Guercif gas permit.
• Drilling results so far have not confirmed commercially viable volumes.
• Company plans to extend the permit while preparing the sale process.

British company Predator Oil & Gas plans to sell its 75% interest in the Guercif gas prospect, developed in partnership with Morocco’s National Office of Hydrocarbons and Mines (ONHYM), which holds the remaining 25%. The information was reported by Moroccan media on Sunday, October 19.

The decision follows several drilling campaigns, including at the MOU-5 well, which have not yet confirmed economically recoverable gas volumes. Independent assessments, however, still estimate the geological potential at around 5.9 trillion cubic feet (TCF).

Earlier wells, such as MOU-4 drilled in 2023 to test new gas targets in the area, had also produced inconclusive results. In response, Predator is reassessing its exploration strategy.

The company’s decision to sell its Guercif interest, after CEO Paul Griffiths shared preliminary results from MOU-5 in March 2025, reflects the strategic trade-offs it faces. The company later clarified its position in its interim communications released in September 2025.

Predator intends to launch the sale process for Guercif while continuing technical work to better define the asset’s potential before any final commitment. At the same time, the firm plans to seek an extension of the exploration permit, currently valid until November 5, 2026.