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An update from Predator Oil & Gas Holdings Plc ( (GB:PRD) ) is now available.
Predator Oil & Gas Holdings Plc has announced a successful placement to raise £2 million from two institutional investors. This funding will accelerate its drilling activities in Morocco and Trinidad for 2025, including the commencement of drilling at the MOU-5 ‘Titanosaurus’ prospect in Morocco. The strategic investors recognize Predator’s management potential to transform high-value projects, which aligns with the company’s vision of creating value through sustainable drilling, production revenue accrual, and strategic asset divestment. The proceeds will fund drilling projects in Guercif, Morocco, and Trinidad, as well as cover administrative costs.
More about Predator Oil & Gas Holdings Plc
Predator Oil & Gas Holdings Plc is a Jersey-based company operating in the oil and gas sector with a focus on near-term drilling operations in Morocco and Trinidad. The company holds a diversified portfolio of assets, including unique onshore Moroccan gas exposure and a shallow CNG biogenic gas development project in Guercif. Predator’s management team brings expertise in Moroccan subsurface operations and utilizes modern technologies from Canada and the US to optimize hydrocarbon potential.
YTD Price Performance: -17.67%
Average Trading Volume: 1,334,232
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £33.96M
See more data about PRD stock on TipRanks’ Stock Analysis page.
