Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
The latest announcement is out from Predator Oil & Gas Holdings Plc ( (GB:PRD) ).
Predator Oil & Gas Holdings Plc has announced a £1.0 million placing to fund its acquisition of Challenger Energy Group’s business interests in Trinidad and to advance its operations in Morocco. The funds will be used to replace shares with cash for the acquisition, accelerate rig maintenance for the Snowcap-3 appraisal well in Trinidad, and support the development of gas facilities in Morocco. This strategic move is expected to enhance Predator’s operational capabilities and strengthen its market position in the oil and gas industry.
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 near-term drilling operations in Morocco and Trinidad. The company boasts a diversified portfolio, including a promising gas project in Morocco and revenue-generating assets in Ireland and Trinidad. Predator is known for its experienced management team and its use of modern technologies to unlock hydrocarbon potential in regions where conventional methods have fallen short.
Average Trading Volume: 1,750,921
Technical Sentiment Signal: Hold
Current Market Cap: £38.64M
See more data about PRD stock on TipRanks’ Stock Analysis page.