Predator Oil & Gas (PRD) has noted a schedule which sees drilling of the MOU-1 well, northern Morocco, to commence next month and expected to take up to 20 days and that it “opens up the potential not only for further drilling on a licence covering 7,269 km² and containing multiple prospects, but also to assess additional opportunities where a proven operator can add value”.
Shares in Predator Oil & Gas (PRD) reached 15p earlier last month, but are now available at a 12.8p offer price £34 million market cap (11.3p offer price, £29 million market cap when this article first appeared). That is despite a recent positive ‘Business development update’ and upcoming potential catalysts. It was our March tip of the month, targeting 18p to sell.
I have followed Predator Oil and Gas (PRD) on and off since its listing back in 2018. With oil and gas interests in Trinidad, Ireland and Morocco, it has always seemed to have something that catches my eye. For me the focus now is very clearly the MOU-1 drill in Morocco, due to spud in Q2 this year. I rather like the potential.
