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Predator Oil & Gas Holdings Plc ( (GB:PRD) ) has issued an update.
Predator Oil & Gas Holdings has announced the acquisition of Challenger Energy’s operations in Trinidad and Tobago, which includes various assets and subsidiaries. This move aims to accelerate the drilling of the Snowcap-3 well, targeting significant oil resources, and to enhance production through synergies and technological applications. The acquisition also allows Predator to streamline operations, leverage tax benefits, and strengthen its operational team, potentially increasing production and creating new opportunities for high-value drilling and workovers. The transaction is conditional on approvals and is expected to have significant implications for the company’s growth and market positioning.
More about Predator Oil & Gas Holdings Plc
Predator Oil & Gas Holdings Plc is a Jersey-based company operating in the oil and gas sector, with a focus on near-term hydrocarbon operations and production in Morocco and Trinidad. The company is involved in the exploration, development, and production of oil and gas resources.
YTD Price Performance: -30.57%
Average Trading Volume: 1,974,073
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £30.45M
For an in-depth examination of PRD stock, go to TipRanks’ Stock Analysis page.