MOU-6(Morocco) and Snowcap-3 (Trinidad)

Predator Oil & Gas Holdings PLC

14 October 2026

 

FOR IMMEDIATE RELEASE

14 October 2026

                          Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas

Predator Oil & Gas Holdings Plc

("Predator" or the "Company")

                                                MOU-6 (Morocco) and Snowcap-3 (Trinidad)

• MOU-6 drilling operations to 950 metres successfully completed

•  TGB-6 Fan gross upper interval approximately 21 metres thick

• More comprehensive suite of wireline logs acquired

• Single well test to evaluate interval and potentially calibrate wireline logs

• Regulatory approval to drill Snowcap-3 received

Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey-based Oil and Gas Company with producing hydrocarbon operations and exploration activity focussed on Trinidad and Morocco, is pleased to announce the following update.

MOU-6 preliminary well results

The MOU-6 well reached its planned total depth of 950 metres within the previously announced guidance of 20 days.

The well encountered the top of the primary target, the TGB-6 Submarine Fan interval (“TGB-6 Fan”), 600 metres to the northwest of MOU-3.

The gross upper interval penetrated was 21.2 metres, compared to approximately 13.2 metres in MOU-3.

The increase in interval thickness is consistent with the pre-drill forecast based on 2D seismic inversion data and the depositional model for the TGB-6 Fan over an area encompassing the MOU-1 well, 6.5 kilometres to the southwest, and the  MOU-3 well. 600 metres to the southeast.

Wireline logs, including spectral gamma ray and Formation Microresistivity (“FMI”),  have been acquired.

MOU-6 well completion and testing

The well is currently being completed for perforating up to 150 psi under-balanced with the larger 4.5” TCP guns over the 21.2 metres of gross upper interval of the TGB-6 Fan. A  single well test will be performed.

Well test operations are expected to commence shortly.

Forward plans

Following completion of the well testing and processing of all the newly acquired MOU-6 well data, results will be integrated with existing data to update the biogenic gas potential of the area evaluated by the MOU-1, MOU-3 and MOU-6 wells.

To assist with the evaluation a Confidentiality Agreement has been executed with a Romanian company, Geo Line Solution S.R.L. (“Geo Line”), who have specific experience in the producing biogenic gas fields of Romania and western Ukraine. The objective is to potentially provide analogues with which to calibrate the section penetrated between 800 and 1100 metres in the MOU-1, MOU-3 and MOU-6 wells.

Snowcap-3 progress Trinidad

Regulatory approval to drill Snowcap-3 in the Cory Moruga Licence onshore Trinidad has been received.

A further update on progress and timing will be given after completion of Moroccan operations.

Paul Griffiths, Chief Executive Officer of Predator Oil & Gas Holdings Plc commented:

"We are pleased to have successfully completed the drilling phase of MOU-6 based on the new well design and mud weight strategy. This has resulted in much improved well cutting samples and wireline logs compared to previous data.

The well confirmed pre-drill expectations of a thicker uppermost TGB-6 Fan interval compared to the MOU-3 and MOU-1 wells.

 Better wellbore conditions and access to the larger perforating guns, combined with a more comprehensive suite of wireline logs will provide well test information essential to potentially calibrate  the sections penetrated by MOU-1, MOU-3 and MOU-6.

We are pleased to have received the approval on schedule to drill the Snowcap-3 well in Trinidad. Operational focus will now shift to Trinidad.”

Follow the Company on X @PredatorOilGas.

This announcement contains inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 on market abuse.

For more information please visit the Company's website at www.predatoroilandgas.com: 

Enquiries:

Predator Oil & Gas Holdings Plc Paul Griffiths                Chief Executive Officer	Tel: [phone] [e-mail]
AlbR Capital Limited David Coffman / Jon Belliss OAK Securities Crest Corporate Broking* Jerry Keen	Tel: [phone] Tel: [phone] Tel: [phone]
Flagstaff Strategic and Investor Communications Tim Thompson  Alison Alfrey Fergus Mellon *Crest Corporate Broking is a trading name of CAL Investments Limited, which is Authorised and Regulated by the Financial Conduct Authority (FRN: 114008).	Tel: [phone]  [e-mail]

Notes to Editors:   

Predator is an oil & gas company with a portfolio of assets including unique and highly prospective onshore Moroccan gas exposure and production, appraisal and exploration projects onshore Trinidad.

Morocco offers a potentially faster route to commercialisation of shallow biogenic gas through a CNG or micro-LNG development. The structure penetrated by the MOU-1 and MOU-3 wells is currently defined by the Company as the prospective target and requires further appraisal before any development. The Company is committed to partnering with entities capable of supporting a future development decision and who have already identified the opportunity as one warranting the execution of a Collaboration Agreement and a Memorandum of Understanding. Moroccan gas prices are high, and the fiscal terms are some of the best in the world. The presence of gas export infrastructure adjacent to the MOU-1 and MOU-3 structure allows for a scalable gas development after initial CNG or micro-LNG gas production over time establishes the extent of connected gas volumes and the capability of reservoirs to deliver at plateau rates over time.    

Trinidad offers the security of a mature onshore oil province that has been producing hydrocarbons for over 50 years. Predator has assembled a portfolio of onshore producing fields with opportunities for production enhancement and additional infill development and appraisal drilling. Significant legacy tax losses, economies of scale and the application of new low-cost technologies are factors that can improve profit margins per barrel of oil produced.  A Master Services Agreement with local operator NABI Construction relieves the Company of the burden and costs of operating the fields and executing drilling and heavy well workovers. In return the Company receives 30% of gross sales revenues for which it can use its acquired tax losses to substantially reduce Petroleum Profit Tax from 50% to an effective rate of 12.5%.

Predator has an experienced technical, financial and legal management team with particular knowledge of the Moroccan and Trinidad sub-surface and operations and an ability to complete M & A transactions in Trinidad and receive regulatory approvals in a timely manner and without any unnecessary advisory fees for transactions.  The Company’s strategy is to operate at a much reduced overhead compared to other operators with portfolios of assets of similar extent to maintain competitiveness.

Predator Oil & Gas Holdings plc is listed on the Equity Shares (transition) category of the Official List of the London Stock Exchange's main market for listed securities (symbol: PRD).

For further information, visit www.predatoroilandgas.com

 

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