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Predator Oil & Gas Holdings Plc ( (GB:PRD) ) has issued an announcement.
Predator Oil & Gas Holdings Plc has acquired a 51% stake in Caribbean Rex Limited, marking a strategic investment to establish itself as a producer with production revenues. This acquisition includes the Bonasse Field in Trinidad, which will benefit from Predator’s patented SGN Technology chemical wax treatments, potentially enhancing oil recovery and production efficiency. The move represents a significant step in building a robust production portfolio, leveraging economies of scale, and reducing operational costs, thereby strengthening its position in the oil and gas market.
More about Predator Oil & Gas Holdings Plc
Predator Oil & Gas Holdings Plc is a diversified oil and gas company with a focus on onshore Moroccan gas and operations in Trinidad and Ireland. The company is listed on the London Stock Exchange and is known for its scalable gas projects in Morocco and a near-term revenue-generating project in Trinidad. Predator leverages modern technologies and has a highly experienced management team.
YTD Price Performance: 11.70%
Average Trading Volume: 1,707,223
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £45.28M
For an in-depth examination of PRD stock, go to TipRanks’ Stock Analysis page.
