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Predator Oil & Gas Holdings Plc ( (GB:PRD) ) has shared an update.
Predator Oil & Gas Holdings Plc has completed the acquisition of Challenger Energy Group Plc’s Trinidad assets, enhancing its operational capabilities and revenue generation. The acquisition includes a revenue-sharing agreement with NABI Construction, allowing Predator to benefit from increased production without bearing field operating costs. This strategic move strengthens Predator’s position in the Trinidad oil sector, providing logistical support and infrastructure for future development, while aligning with its business development strategy to capitalize on high-reward opportunities in the region.
More about Predator Oil & Gas Holdings Plc
Predator Oil & Gas Holdings Plc is an oil and gas company with a diversified portfolio of assets, including onshore Moroccan gas exposure and production, as well as appraisal and exploration projects onshore in Trinidad. The company focuses on near-term hydrocarbon operations and production in Morocco and Trinidad, leveraging opportunities for production enhancement and additional infill development.
Average Trading Volume: 2,371,341
Technical Sentiment Signal: Sell
Current Market Cap: £22.65M
See more data about PRD stock on TipRanks’ Stock Analysis page.