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Predator Oil & Gas Holdings Plc ( (GB:PRD) ) has issued an update.
Predator Oil & Gas Holdings Plc has announced a £2 million placement with institutional investors to accelerate its drilling activities in Morocco and Trinidad in 2025. The investment will support the drilling of the MOU-5 well in Morocco’s Titanosaurus prospect and other projects, aligning with the company’s strategy to monetize high-reward drilling opportunities. The strategic investors recognize the potential for significant returns and support the company’s vision for sustainable drilling and asset monetization.
More about Predator Oil & Gas Holdings Plc
Predator Oil & Gas Holdings Plc is a Jersey-based company operating in the oil and gas sector. It focuses on near-term drilling operations primarily in Morocco and Trinidad, with a diversified portfolio of scaled assets. The company is known for its unique and highly prospective onshore Moroccan gas exposure, aiming at fast commercialization. It also has operations in Ireland and Trinidad, contributing to near-term revenue generation.
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.
