Update on Sales Revenues and Drilling Plans
Predator Oil & Gas Holdings PLC
27 August 2026
FOR IMMEDIATE RELEASE
27 August 2026
Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas
Predator Oil & Gas Holdings Plc
("Predator" or the "Company" and together with its subsidiaries "the Group")
Update on sales revenues and drilling plans
Highlights
· H1 2026 oil sales 52,130 barrels
· Net petroleum revenue (before costs) £1,522,877
· Snowcap-3 and MOU-6 drilling preparations on schedule
Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey-based Oil and Gas Company with producing hydrocarbon operations and exploration activity focussed on Trinidad and Morocco, announces the following update.
Sales oil revenue H1 2026 (01.01.26 - 30.06.26)
Gross oil production of 52,130 barrels was sold from the Icacos and Bonasse fields (Ministry licences) and the Goudron and Inniss-Trinity fields (Enhanced Production Services Contract) for net petroleum revenue of £1,522,877 (before operating costs).
Significant investment has been made in improving field infrastructure and access to old shut-in wells. The well workover of GY 664 in the Goudron field has given excellent results to date, with steady production during August of between 30 to 32 bopd.
Drilling preparations
In Trinidad civil engineering works for the Snowcap-3 well pad and production facilities are progressing on schedule.
In Morocco civil engineering works for the MOU-6 well pad have now been completed.
Explosives for the perforating guns necessary for well testing MOU-6, subject to the completion of the drilling programme and an evaluation of the wireline logs, have arrived in the Moroccan port of entry. This is the most critical long-lead item for determining the timing of rig mobilisation.
Admission to trading update
In accordance with the Financial Conduct Authority's Prospectus Rules, Predator confirms that further to the announcement of 20 January 2026, the 128,571,419 new ordinary shares of no par value in the Company were admitted to trading on the Main Market of the London Stock Exchange on 23 January 2026.
|
1) |
Name and LEI |
Predator Oil & Gas Holdings PLC 213800L7QXFURBFLDS54 |
|
2) |
Regulated Market |
London Stock Exchange - Main Market |
|
3) |
Name, type and ISIN |
Ordinary Shares of no par value JE00BFZ1D698 |
|
4) |
Number of further securities issued and admitted |
128,571,419 |
|
5) |
Total number of securities in issue following admission |
814,857,814 |
|
6) |
Fungibility |
Fully fungible with existing Ordinary Shares |
|
7) |
Date of Admission |
23 January 2026 |
|
8) |
Prospectus Information |
N/A |
In addition, the Company confirms that further to the announcement of 15 May 2026, the 85,714,286 new ordinary shares of no par value in the Company were admitted to trading on the Main Market of the London Stock Exchange on 20 May 2026.
|
1) |
Name and LEI |
Predator Oil & Gas Holdings PLC 213800L7QXFURBFLDS54 |
|
2) |
Regulated Market |
London Stock Exchange - Main Market |
|
3) |
Name, type and ISIN |
Ordinary Shares of no par value JE00BFZ1D698 |
|
4) |
Number of further securities issued and admitted |
85,714,286 |
|
5) |
Total number of securities in issue following admission |
900,572,100 |
|
6) |
Fungibility |
Fully fungible with existing Ordinary Shares |
|
7) |
Date of Admission |
20 May 2026 |
|
8) |
Prospectus Information |
N/A |
Paul Griffiths, Chief Executive Officer of Predator Oil & Gas Holdings Plc commented:
"Preparations for drilling the Snowcap-3 well in Trinidad are proceeding smoothly and on schedule.
We expect to have the date for the commencement of the MOU-6 well operations in Morocco within the next two weeks on current schedule.
Successful well testing with flow of hydrocarbons is the catalyst for finalising commercial deals and financing arrangements for development based on potentially attractive revenue forecasts. Speculating with regard to such arrangements at this time is mis-guided. We have demonstrated financial strength by always maintaining an adequate balance sheet. That has made it possible for us to retain our original equity in our projects and operatorship and control thereof during the higher risk stage of portfolio development over several years. This is what has attracted parties to our well-managed operations. This is combined with a recognition of our ability to execute drilling programmes with a low operating overhead and significant growth potential within the assets under our management. This strengthens our negotiating position when it comes to the most critical part of the oil and gas cycle - monetisation."
Follow the Company on X @PredatorOilGas.
This announcement contains inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 on market abuse.
For more information please visit the Company's website at www.predatoroilandgas.com:
Enquiries:
|
Predator Oil & Gas Holdings Plc Paul Griffiths Chief Executive Officer |
Tel: +44 (0) 1534 834 600 info@predatoroilandgas.com |
|
AlbR Capital Limited David Coffman / Jon Belliss OAK Securities Jerry Keen
|
Tel: +44 (0)207 469 0930 Tel: +44 (0) 20 3973 3678 |
|
Flagstaff Strategic and Investor Communications Tim Thompson Alison Alfrey Fergus Mellon |
Tel: +44 (0)207 129 1474 |
Notes to Editors:
Predator is an oil & gas company with a portfolio of assets including unique and highly prospective onshore Moroccan gas exposure and production, appraisal and exploration projects onshore Trinidad.
Morocco offers a potentially faster route to commercialisation of shallow biogenic gas through a CNG or micro-LNG development. The structure penetrated by the MOU-1 and MOU-3 wells is currently defined as having the best hydrocarbon potential and remains key focus for further appraisal and potential development. The Company is committed to partnering with entities capable of supporting a future development decision and who have already identified the opportunity as one warranting the execution of a Collaboration Agreement and a Memorandum of Understanding. Moroccan gas prices are high, and the fiscal terms are some of the best in the world. The presence of gas export infrastructure adjacent to the MOU-1 and MOU-3 structure allows for a scalable gas development after initial CNG or micro-LNG gas production over time establishes the extent of connected gas volumes and the capability of reservoirs to deliver at plateau rates over time.
Trinidad offers the security of a mature onshore oil province that has been producing hydrocarbons for over 50 years. Predator has assembled a portfolio of onshore producing fields with opportunities for production enhancement and additional infill development and appraisal drilling. Significant legacy tax losses, economies of scale and the application of new low-cost technologies are factors that can improve profit margins per barrel of oil produced. A Master Services Agreement with local operator NABI Construction relieves the Company of the burden and costs of operating the fields and executing drilling and heavy well workovers. In return the Company receives 30% of gross sales revenues for which it can use its acquired tax losses to substantially reduce Petroleum Profit Tax from 50% to an effective rate of 12.5%.
Predator has an experienced technical, financial and legal management team with particular knowledge of the Moroccan and Trinidad sub-surface and operations and an ability to complete M & A transactions in Trinidad and receive regulatory approvals in a timely manner and without any unnecessary advisory fees for transactions. The Company's strategy is to operate at a much reduced overhead compared to other operators with portfolios of assets of similar extent to maintain competitiveness.
Predator Oil & Gas Holdings plc is listed on the Equity Shares (transition) category of the Official List of the London Stock Exchange's main market for listed securities (symbol: PRD).
For further information, visit www.predatoroilandgas.com
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