The Jersey-based Oil & Gas Company with operations in Morocco, Trinidad & Ireland, focussed on gas as a sustainable lower carbon fuel for the Energy Transition
The new development associated with the application for the Corrib South successor authorisation is a significant boost for #PRD’s potential operations offshore🇮🇪, that have hitherto been in a state of limbo.
This timely news comes against background of crisis in confidence that Europe can maintain security of gas supply during periods of conflict & from sources where energy is a political weapon without anything other than indigenous self-sufficiency to meet demand for gas in the next 10 years & beyond. Green electrification is simply not going to be capable of replacing periodic reliance on gas during this period.
Corrib South has always been a compelling potential addition to the Corrib infrastructure and additionally offers a faster track route to gas storage and energy affordability than any other option currently available to Ireland.
It therefore makes abundant sense for us now to bring Corrib South back into our active operations portfolio. 🇲🇦 & Atlantic🇮🇪 are two attractive gas projects adjacent & linked to European gas infrastructure. Our immediate objective is to ensure that the wider industry takes notice of our strategic position with relation to potentially material gas assets
—Company Update— @PredatorOilGas Placing to raise £3m
Potential award of Corrib South offshore🇮🇪
•Recoverable gas resources 424.8 (P50) to 904.7 (P10) BCF with 44% Chance of Success
•Adjacent to Corrib Gas Field & addresses Security of Energy Supply
https://t.co/Op9KXeef3q #PRD
—Company Update— @PredatorOilGas Placing to raise £3m
Potential award of Corrib South offshore🇮🇪
•Recoverable gas resources 424.8 (P50) to 904.7 (P10) BCF with 44% Chance of Success
•Adjacent to Corrib Gas Field & addresses Security of Energy Supply
https://t.co/Op9KXeef3q #PRD
We thank shareholders for their continued support & hope that they understand the balance between shareholder dilution & material gain that the Board is trying to progress in the way it believes is appropriate for the unusually volatile times we have all lived in over the past 6yrs
—Company Update— @PredatorOilGas Financial Statements for Year End 31 Dec 2025
#PRD is now one of the few independent foreign oil producers onshore🇹🇹; proven oil & gas-rich region. We are drilling one of the biggest onshore oil wells in🇹🇹 for several years
https://t.co/4o2wVfCgXF
—Company Update— @PredatorOilGas Financial Statements for Year End 31 Dec 2025
#PRD is now one of the few independent foreign oil producers onshore🇹🇹; proven oil & gas-rich region. We are drilling one of the biggest onshore oil wells in🇹🇹 for several years
https://t.co/4o2wVfCgXF
Predator Oil & Gas Holdings Plc (LSE: PRD) provided a Snowcap-3 drilling update showing long-lead inventory ordered, permitting continuing and the geological target expanded to include the Herrera #8 Sand, where independently estimated 3C contingent resources stand at 1.84MM barrels and historical wells flowed at up to 1,450 bopd; with delivery timelines of up to 65 days, stronger oil prices, additional follow-up locations identified and revised Morocco well design also completed, Snowcap-3 is being positioned as the company’s immediate high-impact appraisal and development catalyst.@PredatorOilGas
Drilling Snowcap-3 is our immediate priority. A rare opportunity in an unappraised proven oil accumulation where success can transform the market capitalisation of the Company overnight based on historical public market analysis & reaction. Notwithstanding that potential eventuality, the surge of possible production & early sales revenues at a time of higher oil prices, combined with efficient application of tax losses, may materially increase #PRD’s cash reserves going forward. #PRD unusually has no debt or interest payments to make.
It took 55yrs for Rochard-1 oil discovery to be successfully appraised, but not at all prospective deeper levels due to mis-interpreted geology. After another 15yrs now is the time to demonstrate once & for all what was missed
We continue to focus on development drilling activity in 🇹🇹& enhancing production to capture incr sales rev during current oil price spike. Increased sales rev & profits allow us to bring forward utilisation of legacy tax losses to reduce our Petroleum Profit Tax to effective rate of 12.5%
-Company Update- @PredatorOilGas FEB oil sales & strengthening oil price:
-Cumulative gross oil sales US$337,071
-Forecast March sales price 25-35% higher
-BON-20 logged >3 separate zones
-Well interventions & increased swabbing to enhance production
https://t.co/4j3PnyFsPV
#PRD
-Company Update- @PredatorOilGas FEB oil sales & strengthening oil price:
-Cumulative gross oil sales US$337,071
-Forecast March sales price 25-35% higher
-BON-20 logged >3 separate zones
-Well interventions & increased swabbing to enhance production
https://t.co/4j3PnyFsPV
#PRD
We’re making good progress on preparations to drill SC-3 appraisal well, that in a success case & subject to regulatory approval can be put on production within a relatively short time framework. Publication of ITR, based on US$60/bo, is timely given current oil price spike & prospect of continuing conflict within key area contributing to global hydrocarbon production
-Company Update- @PredatorOilGas Technical Report for Cory Moruga onshore🇹🇹
-2P resources 8.73 MM bls
-Project economics based on US$60/bo
-SC-3 drilling plans
-BON-20 well programme
-Programme to increase production coinciding with oil price spike
https://t.co/GcDtOhN44K
#PRD
-Company Update- @PredatorOilGas Technical Report for Cory Moruga onshore🇹🇹
-2P resources 8.73 MM bls
-Project economics based on US$60/bo
-SC-3 drilling plans
-BON-20 well programme
-Programme to increase production coinciding with oil price spike
https://t.co/GcDtOhN44K
#PRD
We are making good progress on many fronts including infield development drilling; production growth, preparing and contracting for high-reward appraisal drilling; & potentially concluding a transaction that will begin to appraise, confirm & monetise Moroccan gas discoveries in 2026. At the same time, we must not neglect evaluating new prospectivity eg additional oil reservoirs encountered whilst drilling in Bonasse & emerging Cretaceous prospectivity.
We prioritise projects that can generate the highest near-term return for shareholders whilst maintaining flexibility to respond to new drilling results, simultaneously with managing the everyday corporate administrative function
--Company Update-- @PredatorOilGas Independent Technical Report, Transaction Progress & Ops Update
#PRD continues low-risk drilling focus, production optimization & targeted workovers to support incremental/sustainable production growth & guide operations
https://t.co/u097MT6lKc
--Company Update-- @PredatorOilGas Independent Technical Report, Transaction Progress & Ops Update
#PRD continues low-risk drilling focus, production optimization & targeted workovers to support incremental/sustainable production growth & guide operations
https://t.co/u097MT6lKc
We’re entering an intense period of operational activity over the next 3 months in 🇹🇹; at the end of which could potentially double our current production output.
We’ve chosen the option to fund, operate & drill Snowcap-3 appraisal/development well on a 100% basis as our wholly owned subsidiary (T-Rex Resources) is exclusive Operator of Cory Moruga block, where we shall demonstrate our in-house operational capabilities to ensure we’re well-placed & qualified to acquire any new attractive opportunities that may/may not become available long-term