Predator Oil & Gas Holdings Plc ( (GB:PRD) ) has provided an update.
Predator Oil & Gas Holdings Plc has announced the commencement of oil sales and provided an operational update, highlighting progress in its Trinidad operations, including the acquisition of CEG Trinidad and the execution of an oil off-take agreement for the Bonasse field. The company is implementing a workover program to boost production, with plans to use SGN thermo-chemical wax treatment to potentially increase oil flow rates. Predator is fully funded for its 2025 commitments and aims to enhance production and revenue through strategic acquisitions and innovative technologies, while maintaining a debt-free status to navigate market unpredictability.
More about Predator Oil & Gas Holdings Plc
Predator Oil & Gas Holdings Plc is a Jersey-based company operating in the oil and gas sector, focusing on hydrocarbon operations and production in Morocco and Trinidad. The company is involved in the acquisition, development, and production of oil and gas assets, with a market focus on enhancing production capabilities and leveraging innovative technologies.
YTD Price Performance: -47.17%
Average Trading Volume: 4,634,855
Technical Sentiment Signal: Buy
Current Market Cap: £23.32M
See more insights into PRD stock on TipRanks’ Stock Analysis page.