Predator Oil & Gas raises £4.5m to drive Trinidad drilling and Moroccan gas monetisation

The latest update is out from Predator Oil & Gas Holdings Plc ( (GB:PRD) ).

Predator Oil & Gas Holdings Plc has conditionally raised £4.5 million through a placing of 128.6 million new shares at 3.5p to fund an aggressive work programme in Trinidad and advance monetisation plans for its Moroccan gas asset. The bulk of the proceeds will finance the Snowcap-3 appraisal and development well in Trinidad’s Herrera formation, which will evaluate a 600-foot reservoir interval where only 6 feet previously tested in Snowcap-1 flowed at up to 1,450 bopd, with management highlighting transformational potential for 2026 production; funds will also support new production facilities, ongoing shallow drilling and workovers, and the upcoming deeper TPD-CD1 well in the Bonasse field, which have already helped lift current output by 26% to 387 bopd. Additional capital is earmarked for progressing joint venture partnering and legal work for the Guercif gas project in Morocco, including preparations for an exploitation concession application and a farm-out of the TGB-6 fan, positioning Predator as one of the few London-listed independents with direct exposure to the re-emerging Trinidad–Venezuela–Guyana hydrocarbon province and to East Mediterranean-style biogenic gas plays in North Africa.

The most recent analyst rating on (GB:PRD) stock is a Hold with a £4.50 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 constrained mainly by weak financial performance (no revenue and continued negative earnings and free cash flow), partially offset by a low-debt balance sheet and improving loss/cash-burn trends in 2024. Technicals are supportive with strong momentum above key moving averages, but valuation is limited by negative earnings and the absence of a provided 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 with producing and appraisal assets focused on onshore Trinidad and Morocco. In Trinidad, it operates mature onshore oil fields with scope for production enhancement, infill drilling and appraisal, leveraging legacy tax losses and low-cost technologies. In Morocco, the group holds onshore gas interests with exposure to shallow biogenic gas prospects, targeting early commercialisation via CNG or micro-LNG, supported by nearby export infrastructure and attractive local gas prices and fiscal terms.

Average Trading Volume: 1,095,593

Technical Sentiment Signal: Hold

Current Market Cap: £33.97M

See more insights into PRD stock on TipRanks’ Stock Analysis page.