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The latest update is out from Predator Oil & Gas Holdings Plc ( (GB:PRD) ).
Predator Oil & Gas Holdings Plc has announced an update on its acquisition of Challenger Energy Group’s operations in Trinidad and Tobago. The completion of the acquisition has been delayed due to regulatory approval processes, which have been extended to August 2025. The acquisition is expected to boost Predator’s production growth and revenue generation by integrating with existing operations. Additionally, Predator is preparing to drill the Snowcap-3 well in Trinidad and is advancing its projects in Morocco, including the MOU-3 and MOU-5 wells, which hold potential for gas and helium exploration. The company remains focused on maintaining a debt-free status and increasing production revenues to strengthen shareholder value amid volatile market conditions.
More about Predator Oil & Gas Holdings Plc
Predator Oil & Gas Holdings Plc is an oil and gas company with a diversified portfolio of assets, focusing on onshore Moroccan gas exposure and production, as well as appraisal and exploration projects in Trinidad. The company is leveraging Morocco’s favorable fiscal terms and high gas prices for commercializing shallow biogenic gas, while in Trinidad, it is enhancing production in mature onshore oil fields using new technologies and benefiting from significant legacy tax losses.
Average Trading Volume: 1,782,067
Technical Sentiment Signal: Sell
Current Market Cap: £20.65M
Learn more about PRD stock on TipRanks’ Stock Analysis page.