Predator Oil & Gas Pushes Ahead in Trinidad and Morocco Amid Acquisition Delay

PUBLISHED: May 06 2025 @ 03:00 | Comments (0) | More info about Fiona Craig

Predator Oil & Gas Holdings Plc (LSE:PRD) has shared an operational update detailing progress across its core projects, despite a delay in finalizing the acquisition of CEG Trinidad. The extension stems from ongoing political developments in Trinidad, but the company remains committed to enhancing output in the region, with production gains reported at the Bonasse field and preparations underway for additional drilling.

In Morocco, Predator is moving closer to potential gas production, with testing activities planned for the MOU-3 well. The company is also exploring the commercial viability of helium within its Moroccan license area, signaling a potential expansion of its resource portfolio. These initiatives highlight Predator’s strategic push to strengthen its operational base and unlock value across its assets.

About Predator Oil & Gas Holdings Plc

Predator is an independent energy company focused on onshore oil and gas projects in Morocco and Trinidad. In Morocco, the company benefits from attractive fiscal incentives and robust gas prices, aiming to commercialize shallow biogenic gas reserves. In Trinidad, Predator applies enhanced recovery techniques to boost output from mature fields. The company is listed on the London Stock Exchange.

Year-to-Date Share Performance: -55.44%
Average Daily Volume: 6,270,588 shares
Technical Rating: Buy
Market Capitalization: £19.66 million

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Ltd. ADVFN Ltd does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.