Predator Oil & Gas Holdings Plc (LSE:PRD) reported a 19% month-on-month increase in daily oil output from its Trinidad operations, with production reaching 367 barrels of oil per day as at 4 January 2026. The improvement followed the completion of a development well at the Bonasse field and a heavy workover at the Goudron field, both delivered ahead of schedule.
At Bonasse, the BON-17 well successfully accessed a new producing interval with a lower water cut, supporting higher and more efficient output. Meanwhile, the GY-211 workover at Goudron re-entered a previously abandoned reservoir, briefly flowing 221 barrels over a 14-hour period. Management said the result highlights the potential to materially increase production through targeted re-entry of legacy zones. Operational gains have also been supported by infrastructure upgrades, including the installation of a new transformer that reduces diesel consumption and improves lifting efficiency.
With its 2026 work programme now fully funded, Predator is preparing to drill a new high-impact development well and to undertake additional heavy workovers at Goudron. In parallel, the company is advancing regulatory submissions for the Cory Moruga Snowcap-3 appraisal and development well. Management believes these steps validate its recent expansion in onshore Trinidad and position the business to benefit from the area’s rising geopolitical importance and the potential return of major oilfield service providers.
From an investment perspective, the outlook continues to be constrained by the absence of revenue and ongoing losses, alongside negative free cash flow, despite operational improvements during 2024. Technical indicators are broadly supportive, with the share price trading above key moving averages and a positive MACD signal. However, very overbought RSI and stochastic readings introduce near-term risk, while valuation support remains limited due to a negative price-to-earnings ratio and the lack of a stated dividend.
More about Predator Oil & Gas Holdings Plc
Predator Oil & Gas Holdings Plc is a Jersey-based oil and gas company listed on the London Stock Exchange. It operates producing onshore oil assets in Trinidad, where it focuses on production enhancement and infill drilling under a master services agreement with local operator NABI Construction. In Morocco, the company is advancing gas appraisal and development projects targeting shallow biogenic gas, potentially for CNG or micro-LNG solutions, supported by favourable fiscal terms and established gas export infrastructure.
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