Predator Oil & Gas Holdings Plc (GB:PRD) has released an update.
Predator Oil & Gas Holdings Plc reports a comprehensive loss of £978,238 for the first half of 2024, a significant decrease from the previous year, with a solid cash balance and no debt. The company is fully funded for the next year and is preparing for production and potential divestment in Morocco. Operational advancements include successful rigless testing in Morocco, progress on drilling the MOU-5 well, and strategic positioning for gas-to-power development next to the Maghreb Gas Pipeline.
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