Predator Oil & Gas Holdings Plc (LSE:PRD) generated net petroleum revenue of £1.52 million from its Trinidad operations during the first half of 2026, as the company continued to strengthen production while advancing upcoming drilling programmes in Trinidad and Morocco.
The group sold 52,130 barrels of oil during the period from its Icacos, Bonasse, Goudron and Inniss-Trinity fields. Predator has continued investing in infrastructure across the portfolio, with a successful workover of the GY 664 well at Goudron contributing steady production of approximately 30 to 32 barrels of oil per day during August.
Further operational progress is being made ahead of the company’s next drilling activities. In Trinidad, civil engineering work for the Snowcap-3 well pad and associated production facilities is progressing according to schedule.
Preparations have also advanced in Morocco, where construction of the MOU-6 well pad has been completed. Critical perforating explosives have arrived, removing an important long-lead requirement ahead of rig mobilisation and planned well testing.
Predator has also strengthened its capital position during 2026. Two share issues completed during the year have been admitted to trading on the London Stock Exchange’s Main Market, taking the company’s total number of ordinary shares in issue to 900,572,100.
Management said its balance sheet and funding strategy have enabled Predator to preserve its original project equity and retain operatorship while progressing assets through the higher-risk stages of development. This approach is intended to give the company greater flexibility when negotiating future commercial agreements.
Chief executive Paul Griffiths said successful testing and hydrocarbon flow from upcoming wells would provide the catalyst for completing commercial agreements and securing development financing, supported by potentially attractive revenue forecasts.
The company believes its lean operating structure, combined with significant upside across assets under its control, could strengthen its negotiating position as projects progress towards monetisation.
In Morocco, Predator continues to view shallow gas as offering a potentially rapid route to commercialisation through compressed natural gas or micro-LNG developments. Nearby infrastructure and favourable domestic gas pricing provide additional support for its development strategy.
In Trinidad, the group is targeting higher margins and longer-term production growth through tax efficiencies, outsourced field operations and scalable production enhancement opportunities across its mature oil assets.
More about Predator Oil & Gas Holdings Plc
Predator Oil & Gas Holdings Plc is a Jersey-based oil and gas company with producing and exploration assets focused primarily on Trinidad and Morocco.
Its Moroccan portfolio targets shallow biogenic gas discoveries with potential development through CNG or micro-LNG solutions. The company’s acreage also benefits from proximity to existing gas infrastructure and favourable local gas pricing, supporting opportunities for scalable commercial development.
In Trinidad, Predator operates mature onshore oil fields where its strategy combines production enhancement, workovers and potential infill drilling. The company also benefits from legacy tax losses, outsourced field services and a Master Services Agreement with NABI Construction, helping it maintain a relatively lean operating structure.
Predator Oil & Gas Holdings Plc is listed on the Main Market of the London Stock Exchange in the Equity Shares (transition) category under the symbol PRD. The group maintains a strategy centred on financial discipline, operational control and retaining meaningful project equity as its portfolio progresses towards development and commercialisation.
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