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The latest update is out from Predator Oil & Gas Holdings Plc ( (GB:PRD) ).
Predator Oil & Gas Holdings Plc has commenced civil engineering works at the MOU-5 drill site on its Guercif licence in Morocco, with drilling operations expected to begin by late February 2025. This initiative is part of a fully-funded drilling campaign aimed at exploring the Titanosaurus structure, which could significantly impact the company’s asset base. The company is strategically positioned to benefit from global geopolitical and economic trends favoring gas exploration and production, amid concerns over gas supply security and energy costs. This development aligns with a broader resurgence of interest in gas projects outside Europe, driven by the need to support energy transitions and stabilize energy prices.
More about Predator Oil & Gas Holdings Plc
Predator Oil & Gas Holdings Plc is a diversified oil and gas company with a portfolio of assets including significant onshore gas projects in Morocco, as well as operations in Trinidad and Ireland. The company focuses on hydrocarbon operations and production activities, utilizing modern technologies to capitalize on untapped potential in various regions.
YTD Price Performance: 11.78%
Average Trading Volume: 1,707,223
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £45.28M
See more insights into PRD stock on TipRanks’ Stock Analysis page.
