Predator Oil & Gas Holdings Plc (LSE:PRD) has announced a delay in completing its acquisition of Challenger Energy Group’s operations in Trinidad and Tobago, with regulatory approvals now expected by August 2025. Once finalized, the acquisition is anticipated to accelerate Predator’s production growth and revenue by integrating the new assets with its existing portfolio.
The company is also advancing drilling plans for the Snowcap-3 well in Trinidad and pushing forward projects in Morocco, including the MOU-3 and MOU-5 wells, which offer promising potential for gas and helium exploration. Predator remains committed to maintaining a debt-free balance sheet while increasing production revenues to enhance shareholder value amid ongoing market volatility.
About Predator Oil & Gas Holdings Plc
Predator Oil & Gas Holdings Plc operates a diverse range of oil and gas assets, with a strong focus on onshore gas production in Morocco and exploration and appraisal activities in Trinidad. The company benefits from Morocco’s attractive fiscal environment and elevated gas prices to develop shallow biogenic gas resources. In Trinidad, Predator leverages new technologies to optimize production in mature oil fields and capitalizes on significant legacy tax losses to support growth.
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