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Predator Oil & Gas Holdings Plc ( (GB:PRD) ) has shared an announcement.
Predator Oil & Gas Holdings Plc reported a decrease in operating losses for 2024, primarily due to reduced drilling activities in Morocco, and managed corporate expenses despite inflationary pressures. The company completed significant acquisitions in Trinidad, including a controlling share in Caribbean Rex Resources and the Bonasse field, restoring production and securing an oil offtake agreement. Operational activities in Morocco focused on testing and potential gas flow from the MOU-3 well, while planning for MOU-5 drilling advanced. The company also made strides in ESG initiatives, contributing to local economies in Morocco and Trinidad.
More about Predator Oil & Gas Holdings Plc
Predator Oil & Gas Holdings Plc is a Jersey-based company operating in the oil and gas sector, with a focus on hydrocarbon operations and production activities in Morocco and Trinidad.
YTD Price Performance: -62.99%
Average Trading Volume: 6,370,041
Technical Sentiment Signal: Buy
Current Market Cap: £14.99M
Learn more about PRD stock on TipRanks’ Stock Analysis page.