Predator Oil & Gas Holdings (PRD) H1 2026 TU earnings summary

Executive summary

• H1 2026 oil sales totaled 52,130 barrels from Trinidad fields, generating net petroleum revenue of £1,522,877 before costs.

• Significant investments were made in field infrastructure and well workovers, notably GY 664, which produced 30–32 bopd in August.

• Drilling preparations for Snowcap-3 in Trinidad and MOU-6 in Morocco are progressing on schedule, with critical equipment for MOU-6 already delivered.

Financial highlights

• Net petroleum revenue for H1 2026 was £1,522,877 before operating costs, based on gross oil production of 52,130 barrels.

Outlook and guidance

• Drilling operations for Snowcap-3 in Trinidad and MOU-6 in Morocco are expected to commence soon, with well testing in Morocco seen as a catalyst for commercial deals and financing.

• Management emphasizes maintaining a strong balance sheet and retaining equity and operatorship during high-risk development stages.