Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Predator Oil & Gas Holdings Plc ( (GB:PRD) ) has issued an update.
Predator Oil & Gas Holdings Plc has commenced rigless testing operations at the MOU-3 well in Guercif, Morocco. This operation, scheduled over ten days, aims to perforate and test the shallow ‘A’ Sand, potentially enhancing the company’s market position by capitalizing on high Moroccan gas prices and favorable fiscal terms. The successful execution of this project could significantly impact Predator’s operations by accelerating commercialization and improving profit margins, benefiting stakeholders and strengthening the company’s foothold in the Moroccan gas market.
More about Predator Oil & Gas Holdings Plc
Predator Oil & Gas Holdings Plc is a Jersey-based oil and gas company with a diversified portfolio of assets. The company focuses on near-term hydrocarbon operations and production in Morocco and Trinidad. Predator’s operations in Morocco include unique onshore gas exposure with a potential for fast commercialization through CNG development, while in Trinidad, it leverages mature onshore oil fields for production enhancement and additional development opportunities.
Average Trading Volume: 1,750,921
Technical Sentiment Signal: Hold
Current Market Cap: £38.64M
Find detailed analytics on PRD stock on TipRanks’ Stock Analysis page.