Predator Oil & Gas Holdings (PRD) investor relations material

Executive summary

• Cash reserves increased to £6.6m at 30 June 2026 (vs £1.5m at 31 Dec 2025) after raising £7.5m in two share placings to fund drilling in Morocco and Trinidad.

• Production revenues rose sharply to £1.5m for H1 2026 (vs £66,815 H1 2025) following Trinidad asset acquisitions.

• Operating loss narrowed to £0.9m (vs £1.9m H1 2025) despite higher administrative costs from expanded operations.

• Two potentially transformational wells (MOU-6 in Morocco, Snowcap-3 in Trinidad) scheduled for H2 2026.

• No interest-bearing debt; focus on maintaining undiluted equity in key projects.

Financial highlights

• Cash reserves: £6.6m at 30 June 2026 (vs £1.5m at 31 Dec 2025).

• Production revenues: £1.5m for H1 2026 (vs £66,815 H1 2025).

• Gross profit from Trinidad: £283,041 (vs £66,815 H1 2025).

• Operating loss: £0.9m (vs £1.9m H1 2025).

• Administrative expenses: £1.2m (vs £0.8m H1 2025), reflecting expansion and acquisition costs.

• Intangible assets increased to £27.3m (vs £26.2m at 31 Dec 2025), mainly due to drilling preparations.

• No interest-bearing debt; restricted cash balances of £1.5m.

Outlook and guidance

• Fully funded for planned drilling of MOU-6 (Morocco) and Snowcap-3 (Trinidad) in H2 2026.

• Anticipated significant increase in Trinidad operating profit in early 2027 from Snowcap-3 production.

• MOU-6 success could enable partial divestment and commercialisation of Moroccan gas asset in Q1 2027.

• Forecast shortfall in funding in Q2 2027; additional funding to be raised as needed.