Predator Oil & Gas (LSE:PRD) reported net petroleum sales revenue of GBP 938,835 for 2025, alongside an operating loss of GBP 2.99 million, largely driven by higher non-cash share-based payment expenses. The company ended the year debt-free with GBP 1.52 million in cash, having reduced administrative, technical, legal, and director-related costs.
During the year, Predator also raised additional equity capital, resulting in modest shareholder dilution. Management said the company is sufficiently funded to support its planned 2026 drilling activities in Trinidad and Morocco, aligning its capital structure with a growth strategy focused on acquisitions, early-stage production, and preserving tax losses.
Operational progress in Trinidad and Morocco
Operationally, Predator expanded its footprint in Trinidad by acquiring three producing oil fields. The company increased output through well workovers and new shallow drilling, while also preparing infrastructure and well design for the Snowcap-3 appraisal and development well, targeting 14.31 million barrels of 2P/2C resources.
In Morocco, rigless operations at the MOU-3 well enhanced understanding of formation damage, helping refine future drilling strategies. At the same time, internal studies have identified the TGB-6 Submarine Fan Sand — containing 61.95 BCF of net 2C gas resources in structural closure — as the leading candidate for an initial compressed natural gas pilot project.
Financial challenges persist despite cleaner balance sheet
The company’s outlook remains constrained by weak financial performance, including limited revenue generation, ongoing losses, and continued cash burn. However, its low-debt balance sheet provides some financial flexibility, and there were signs of improvement compared with the prior year.
From a technical perspective, indicators offer moderate support, with a positive MACD and the share price trading above key longer-term averages. That said, momentum is approaching overbought territory, suggesting potential near-term pressure.
More about Predator Oil & Gas Holdings Plc
Predator Oil & Gas Holdings Plc is a Jersey-based exploration and production company focused on hydrocarbon assets in Trinidad and development opportunities in Morocco. Its portfolio includes onshore oil fields and biogenic gas resources, with a strategy centered on maintaining full ownership and operational control during early project stages to maximise future growth and divestment opportunities.
Leave a Reply