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The latest announcement is out from Predator Oil & Gas Holdings Plc ( (GB:PRD) ).
Predator Oil & Gas Holdings Plc has acquired a 51% shareholding in Caribbean Rex Limited, gaining control of the Bonasse Field in Trinidad. This acquisition aligns with Predator’s strategy to enhance production through its patented SGN Technology chemical wax treatments, potentially improving oil recovery rates and providing cost optimizations. The investment supports Predator’s expansion as a producer with production revenues, leveraging tax losses and existing facilities to offset costs for future developments. This move is anticipated to strengthen the company’s position in the oil and gas sector by maximizing profit margins and increasing operational synergies.
More about Predator Oil & Gas Holdings Plc
Predator Oil & Gas Holdings Plc is a London Stock Exchange-listed oil and gas company with a diversified portfolio, including projects in Morocco, Ireland, and Trinidad. The company is known for its scalable gas projects in Morocco with a fast pace of commercialization, focusing on shallow CNG biogenic gas development and thermogenic gas prospects. With a strong management team experienced in modern technologies, Predator aims to reveal hydrocarbon potential in regions where conventional techniques have been insufficient.
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.
