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Predator Oil & Gas Holdings Plc ( (GB:PRD) ) has issued an update.
Predator Oil & Gas Holdings has started a multi-well drilling and workover campaign in Trinidad, beginning with the BON-18 well in the Bonasse field under its Master Services Agreement with NABI Construction. BON-18, a redrill of a legacy producer, will be followed by the exploratory BON-19 well aimed at proving the shallow BON-14 (“Saffron”) trend, with plans for a further 5–7 shallow development wells and a separate 6–8 well heavy workover programme in the Goudron field. The combined Bonasse and Goudron activities are forecast to add 300–400 barrels of oil per day through existing facilities and sales channels and will run alongside preparations for the Snowcap-3 appraisal and development well in the Cory Moruga block, which the company has elected to fund and operate on a 100% basis. Management positions this intensified three-month operational push as a potential route to doubling current production and as a strategic showcase of Predator’s operating capabilities in Trinidad to strengthen its position for future asset opportunities.
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 listed on the London Stock Exchange, with producing hydrocarbon operations and exploration assets focused on onshore Trinidad and Morocco. In Trinidad, it holds mature onshore oil fields offering production enhancement and infill drilling opportunities under a Master Services Agreement with local operator NABI Construction, while in Morocco it targets shallow biogenic gas developments leveraging favourable gas prices, attractive fiscal terms and nearby export infrastructure for scalable CNG or micro-LNG projects.
Average Trading Volume: 1,763,488
Technical Sentiment Signal: Buy
Current Market Cap: £23.68M
Find detailed analytics on PRD stock on TipRanks’ Stock Analysis page.