Placing to Raise £2.5 Million

Predator Oil & Gas Holdings PLC

15 October 2026

 

FOR IMMEDIATE RELEASE

15 October 2026

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

Predator Oil & Gas Holdings Plc

("Predator" or the "Company" and together with its subsidiaries "the Group")

                                        Placing to raise £2.5 million

Highlights

• MOU-6 perforating and testing with final results anticipated within 2 weeks

• Snowcap-3 has received regulatory approval with commencement in November

• Positive Goudron field heavy workovers – GY 664 37 bopd and GY 665 18 bopd

• Company is positioned for new positive scenario for partnering in Morocco

• Provides catalyst to plan MOU-5 deepening to evaluate helium potential

• First study being initiated for unconventional biogenic gas resources in 120km²  area

• Award of Corrib South successor authorisation potentially closer

Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas Company with producing hydrocarbon operations focussed on Trinidad and Morocco, announces that it has conditionally placed 166,666,667 new ordinary shares of no par value in the Company (the "Placing Shares") at a placing price of 1.5 pence each (the "Placing Price") to raise £2.5 million (before expenses) (the "Placing").

The capital raise of £2.5m was arranged by the Company’s joint brokers AlbR Capital Limited and Crest Corporate Broking.

Use of Proceeds

The Proceeds of the Placing, less expenses, as detailed below, will be the primary catalyst for the key strategic business growth objectives below.

Trinidad production growth

1. Expand the Snowcap-3 production facilities for increased initial throughput to accelerate sales revenue growth.

2. Hot-stack the Snowcap-3 drilling rig at the well site to be drill-ready for additional development wells.

3. Opt to fund additional well testing on up to 2 Goudron infield development wells

To be drilled by NABI Construction under the Master Services Agreement to retain the majority of production upside to contribute to funding a potential gas-to-power option for Data Centres for Goudron stranded gas.

Moroccan business development

Large Moroccan companies are moving into the gas sector in Morocco to fund gas appraisal and development and upstream exploration.

This is a new and welcomed strategic development in the energy sector in Morocco.

The Company is well-placed to conclude partner negotiations after the MOU-6 well test results are released following the completion of well testing operations.

To maximise the potential areas of business cooperation and partner funding the Company is using net proceeds from the placing to position the Company as a leader for helium exploration, potentially large unconventional biogenic gas resources, and gas storage based on the results of the 6 wells the Company has drilled in Guercif, representing the largest focussed exploration drilling programme onshore Morocco ever undertaken over the past 25 years.

1. Planning and long-lead inventory-build to deepen the MOU-5 well by at least 640 metres

to test for helium, potentially associated with thermogenic gas, sealed by Triassic salt and to evaluate gas storage potential in the anticipated salt section.  

2. Commission the first biogenic gas study for potentially large in-place unconventional gas resources in an area of up to 120km².

This will involve collaborating with  a Romania company with specific experience and production expertise for potentially analogous sequences in western Ukraine and Romania.

For context only western Ukraine has been producing biogenic gas since 1924 with 111 billion cubic metres (3.92 trillion cubic feet) of gas resources. Now largely depleted the fields have been converted into Europe’s largest natural gas storage network: the Bilche-Volitsko-Uherske facility holding up to 17.05 billion cubic metres (602 billion cubic feet).

USE OF PROCEEDS
	Budgeted estimated costs (£)
Onshore Trinidad
Snowcap Production Facilities Expansion of Snowcap-3 (“SC-3”) civil engineering works to include expansion of production facilities and secure area to warm- stack SC-3 rig for further development drilling Increase size of production capacity to accommodate increased future production and wax treatment processing Rehabilitation of storage tanks at Sales Point Snowcap-3 Supplemental Drilling Costs Increased inventory, freight and services costs due to inflation  resulting from Middle East Conflict Production Goudron Field Contingency to 100% fund under the NABI Master Services Agreement perforating and flowing additional reservoirs in the two planned NBI new wells in Goudron	200,000                 350,000                  250,000                  500,000                  240,000
Onshore Morocco
Support ongoing discussions to conclude partnership with an indigenous Moroccan entity for development planning and upstream exploration for helium Biogenic gas unconventional gas resources Collaboration with Romanian company Geo Line Solution S.R.L. to characterise and provide potential production analogues for the Guercif Basin biogenic gas based on Romania and western Ukraine fields Well planning and initial long-lead-inventory build to deepen MOU-5 to test for sub-salt helium and potential thermogenic gas MOU-6 Supplemental Drilling & Well Testing Costs Increased inventory, freight and services costs due to inflation  resulting from Middle East Conflict and more expensive logging and testing programme	100,000                 175,000                 500,000
Offshore Ireland
Corrib South Successor Authorisation Liaison with DCCE regulators to support ongoing financial review with production forecasts Trinidad	10,000
Administrative expenses	175,000
TOTAL COSTS	2,500,000

Completion of the Placing

Completion of the Placing is conditional on, inter alia:-

the Placing Shares being admitted to listing on the Equity Shares (transition) category of the Official List and to trading on the London Stock Exchange's main market for listed securities ("Admission").

Admission, Settlement and Dealings in the new Placing Shares

An application will be made to the London Stock Exchange for Admission of the Placing Shares which is expected on or around 20 October 2026.

The rights attaching to the new Placing Shares will be uniform in all respects and all of the  Placing Shares will rank pari passu, and form a single class for all purposes with, the existing issued shares of no par value in the Company.

Warrants

Participants in the Fundraising will receive 1 warrant for every Placing Share subscribed for, exercisable at £0.025 (2.5 pence) per share for a period of 24 months from today.

11,666,666 broker warrants are being issued exercisable at the Placing Price.  These warrants have an expiry date of thirty-six months from today.

Total Voting Rights

Following Admission, the Company has ordinary shares of no par value in issue, each with one vote per share (and none of which are held in treasury). The total number of voting rights in the Company is therefore 1,071,104,857. This figure of 1,071,104,857 may be used by shareholders in the Company as the denominator for calculations to determine if they have a notifiable interest in the share capital of the Company under the Disclosure Guidance and Transparency Rules, or if such interest has changed.

Appointment of Joint Broker

The Company is appointing CREST Corporate Broking (“Crest”) (a trading name of Cal Investments), as joint broker to the Company. Crest has been appointed with immediate effect, with AlbR Capital Limited acting alongside Crest as joint broker.

Dr. Stephen Boldy, Non-executive Chairman of Predator Oil & Gas Holdings Plc commented:

"Proceeds from the placing announced today are focussed on exploiting a window of opportunity to accelerate production growth in Trinidad to avail of higher oil price and economies of scale.

Additionally, we have experienced that drilling and well testing costs have increased due to global inflation generated by the Middle East Conflict. It is absolutely critical therefore that the Company remains well capitalised as it transitions to accelerated production to demonstrate short-term financial strength and ability to access the capital markets for business growth to support partnering up in Morocco and the DCCE financial review in the context of the potential awarding of a Corrib South successor authorisation. Corrib South has the potential to extend the life of the Corrib infrastructure and provide a new indigenous gas supply and reduce dependence on imported gas from Britain”.

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]
Crest Corporate Broking*
Jerry Keen AlbR Capital Limited David Coffman / Jon Belliss	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 having the best hydrocarbon potential and remains a  key focus for the Company and its shareholders for further appraisal and potential 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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