Predator Oil & Gas Holdings (PRD) Investor update summary

Strategic Focus, Leadership, and Portfolio Overview

• Leadership remains shareholder-aligned, with founders and a board of experienced professionals focused on value creation, early-stage asset development, and cost-effective operations.

• Portfolio spans Morocco (gas and helium), Trinidad (oil), and Ireland (energy infrastructure), each offering unique risk-reward profiles, significant resource potential, and near-term catalysts.

• Morocco's MOU-5 is a fully funded, high-impact drilling opportunity targeting Jurassic gas and helium, with a 12% chance of success and proximity to underutilized infrastructure.

• Trinidad operations focus on ramping up production to 300 bopd by Q2/Q3 2025, leveraging innovative wax treatment technology, tax losses, and recent acquisitions.

• Ireland's Corrib South and Mag Mell FSRU concepts target energy security, with a pending licence award, 50% interest, and potential for gas storage and infrastructure development.

Financial Discipline and Funding

• Maintains a debt-free status, with GBP 4.35 million cash as of September 2024, an additional GBP 2 million raised in November 2024, and annual running costs at GBP 950,000.

• Fully funded for Q1 2025 drilling and production enhancement programs, with a strategy to avoid market dilution and preserve asset value for divestment.

• Conservative capital deployment, strict approval processes, and reliance on cost-effective consultants ensure operational flexibility and audit compliance.

• Forex risk is managed by aligning Trinidad revenues with USD, providing a hedge against currency fluctuations.

Morocco Operations and Upside

• MOU-5 “Titanosaurus” well drilling is fully funded, targeting significant gas and helium resources, with 2P gas resources net 4.4 Tcf and 2P helium resources net 74.6 Bcf.

• Proximity to the Maghreb-Europe pipeline and strong fiscal terms, including a 10-year tax holiday and low state royalties, enhance project economics.

• MOU-3 testing programme aims to de-risk CNG development, with scalable production and collaboration with Afriquia Gaz.

• Over £2 million spent on local services, with significant engagement with landowners and communities, and environmental restoration initiatives.