Predator Oil & Gas posts £1.52 million H1 2026 revenue on Trinidad, Morocco output

H1 2026 production and revenue

Predator Oil & Gas Holdings, a Jersey-based upstream operator with producing fields in Trinidad and exploration and production activity in Morocco, sold 52,130 barrels of gross oil production in the first half of 2026, the six months from January 1 to June 30. The oil came from the Icacos and Bonasse fields, held under Ministry licenses, and the Goudron and Inniss-Trinity fields, held under an Enhanced Production Services Contract. Net petroleum revenue before operating costs came to £1,522,877.

Field investment and a workover result

The company said it has put significant investment into improving field infrastructure and reopening access to old shut-in wells. A workover of the GY 664 well in the Goudron field has produced steady output during August of between 30 and 32 barrels of oil per day.

Drilling preparations in Trinidad and Morocco

In Trinidad, civil engineering work on the Snowcap-3 well pad and its production facilities is progressing on schedule. In Morocco, civil engineering work on the MOU-6 well pad is complete. Explosives for the perforating guns needed to test the MOU-6 well, once drilling finishes and the wireline logs have been evaluated, have arrived at the Moroccan port of entry. Predator described this as the last major long-lead item setting the timing of rig mobilization.

Share admission

Under the Financial Conduct Authority's Prospectus Rules, and further to its announcement of January 20, 2026, Predator confirmed that 128,571,419 new ordinary shares of no par value were admitted to trading on the Main Market of the London Stock Exchange on January 23, 2026.

CEO comment

Chief executive Paul Griffiths said preparations for the Snowcap-3 well in Trinidad are "proceeding smoothly and on schedule," and that the company expects to set a start date for MOU-6 operations in Morocco within two weeks. He said flowing hydrocarbons in well testing is "the catalyst for finalising commercial deals and financing arrangements," and that speculating about such arrangements now would be "mis-guided." Griffiths said the company's financial strength has let it retain its original equity and control of its projects through the higher-risk stage of development, which he said has attracted interest in Predator's operations and strengthened its position in future monetization talks.