Predator Oil & Gas Holdings Plc
LLSE:PRD1.30
GBX
-0.05
(-3.70%)
Predator Oil & Gas Holdings Plc
LSE:PRD
(London Stock Exchange)
Recent
price
1.30
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Predator Oil & Gas Holdings Plc (LSE: PRD), a Jersey-based oil and gas company founded in 2017 and headquartered in St. Helier, Jersey, engages in the exploration, appraisal, development and production of oil and gas assets across Africa, Europe and the Caribbean; its portfolio includes a 75% working interest in the onshore Guercif licence in Morocco with ONHYM holding the remaining 25% carried interest through exploration, where it focuses on shallow biogenic methane gas discoveries including the play-opening MOU-1 well and subsequent MOU-2, MOU-3 and MOU-4 wells confirming gas in multiple zones and a world-class 177 square kilometre Jurassic target alongside rigless testing programmes underway on the MOU-3 "A" Sand for potential CNG or micro-LNG commercialisation; 100% ownership of the Cory Moruga Exploration and Production Licence onshore Trinidad containing the undeveloped Snowcap oil discovery with 2P/2C unrisked contingent and prospective resources of 14.31 million barrels of oil and enhanced oil recovery opportunities using carbon dioxide injection, plus additional producing fields such as Goudron, Inniss-Trinity, Icacos and Bonasse with well workover and infill drilling prospects; and an offshore exploration licence in Ireland near the Corrib gas field subject to a successor authorisation application with a farm-in proposal received from a Corrib participant. The company operates through three wholly-owned subsidiaries, Predator Oil & Gas Trinidad Ltd, Predator Gas Ventures Ltd and Predator Oil and Gas Ventures Ltd, targeting near-term hydrocarbon production with a focus on low-cost technologies, legacy tax losses and high fiscal terms in Morocco. Recent developments include the completion in August 2025 of the acquisition of Challenger Energy Group's Trinidad and Tobago operations including Columbus Energy (St. Lucia) Limited and producing assets in Goudron, Inniss-Trinity and Icacos fields for an initial US$250,000 deposit satisfied by share issuance, alongside execution of a Production and Field Services Management Agreement with NABI Construction (Trinidad and Tobago) Limited providing 30% of net revenues from existing production without exposure to operating or work obligation costs while carrying 13 heavy workovers and infill drilling; post-period acquisition of 51% of Caribbean Rex Resources (Trinidad) Limited and the Bonasse field; a placing of 50 million shares in early 2025 at £0.04 each raising £2 million with Eva Pacific Pty; confirmation of biogenic pure methane gas in Morocco ideal for CNG development; and ongoing extensive rigless testing in 2024-2025 on Moroccan assets. Predator targets mature onshore provinces and frontier gas plays serving local energy markets with production enhancement strategies and infrastructure build-out in Trinidad to support Cory Moruga development projecting peak rates of 3,000-4,000 barrels of oil per day.