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Predator Oil & Gas Holdings Plc ( (GB:PRD) ) just unveiled an update.
Predator Oil & Gas Holdings has published an Independent Technical Report for the proposed Snowcap-3 appraisal well in the Cory Moruga onshore licence in Trinidad, confirming 2P resources of 8.73 million barrels and project economics based on a US$60 per barrel oil price. Management has begun site and land registry work for the SC-3 and potential SC-4 well locations, inspected Star Valley Rig 205, and reviewed the BON-20 drilling programme, with a further update expected once BON-20 is completed and tested.
The company says preparations for SC-3 are progressing well and that, if successful and approved by regulators, the well could be brought into production relatively quickly, aligning a planned production increase with current elevated oil prices driven by geopolitical tensions. This activity underlines Predator’s strategy of rapidly commercialising onshore Trinidad resources to capitalise on favourable market conditions and support its broader portfolio of production and appraisal assets.
The most recent analyst rating on (GB:PRD) stock is a Hold with a £3.50 price target. To see the full list of analyst forecasts on Predator Oil & Gas Holdings Plc stock, see the GB:PRD Stock Forecast page.
Spark’s Take on GB:PRD Stock
According to Spark, TipRanks’ AI Analyst, GB:PRD is a Neutral.
The score is primarily constrained by weak financial performance (no revenue, persistent losses, and ongoing cash burn) despite a relatively clean, low-debt balance sheet and some improvement in 2024. Technicals provide moderate support with positive MACD and price above key longer-term averages, but momentum is close to overbought. Valuation is penalized due to loss-making status and no dividend yield.
To see Spark’s full report on GB:PRD stock, click here.
More about Predator Oil & Gas Holdings Plc
Predator Oil & Gas Holdings Plc is a Jersey-based oil and gas company focused on hydrocarbon production in Trinidad and gas appraisal and near-term development in Morocco. Its portfolio includes onshore Moroccan shallow biogenic gas prospects suited to CNG or micro-LNG projects and mature onshore Trinidad oil fields with scope for production enhancement and infill drilling. The company leverages favourable Moroccan gas pricing and fiscal terms, as well as Trinidad tax losses and a services agreement with NABI Construction, to improve margins while maintaining a low-cost operating model.
Average Trading Volume: 4,316,588
Technical Sentiment Signal: Sell
Current Market Cap: £26.08M
For detailed information about PRD stock, go to TipRanks’ Stock Analysis page.