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Pin to quick picksPredator Oil Share News (PRD)

Share Price Information for Predator Oil (PRD)

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Share Price: 9.50
Bid: 9.00
Ask: 10.00
Change: 0.25 (2.70%)
Spread: 1.00 (11.111%)
Open: 9.25
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Low: 9.25
Prev. Close: 9.25
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EARNINGS UPDATES: Pembridge Resources swings to annual loss

Fri, 28th Apr 2023 14:53

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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Predator Oil & Gas Holdings PLC - Jersey-based oil and gas company with near-term gas operations focussed on Morocco - Posts loss from operations of GBP2.6 million for 2022, widened from GBP1.5 million a year earlier. Says the increase in operating loss is attributable to share based payments. Finance expenses rise to GBP17,532 from just GBP19,000 a year earlier. Executive Chair says: "We are pleased to have managed operating losses and administrative expenses in 2022, after allowing for share-based payments whilst increasing cash balances at the end of the period and maintaining a debt-free status."

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Pembridge Resources PLC - UK mining company with investments in British Columbia, Canada - Swings to pretax loss of GBP8.0 million for 2022 from GBP20.6 million of profit in 2021, as operating loss amounts to GBP7.1 million, swung from a profit of GBP21.2 million. Equity attributable to shareholders of the company is down to GBP3.2 million from GBP10.9 million in 2021. Chief Executive Gati Al-Jebouri says: "The results of Pembridge for 2022 are affected by the challenges experienced during the year by Minto, in which Pembridge holds a 11.1% investment, which is reflected in the financial statements as the fall in the market value of that investment and deferral of the remaining surety repayments and accrued interest due to Pembridge from Minto."

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Schroder Income Growth Fund PLC - UK-based investment company - net asset value total return per share in the half year to February 28 id 10.7%, outperforming the FTSE All-Share index of 8.7%, NAV per share as at February 28 stands at 317.28 pence, up from 307.08p on the same date a year earlier. Looking ahead, expects inflation to drop slowly.

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By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
1 May 2024 21:46

Predator Oil begins preparations for Sandjet rigless testing programme

(Alliance News) - Predator Oil & Gas Holdings PLC on Wednesday said that petroleum agreement amendment number four has been ratified.

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10 Apr 2024 13:46

Predator Oil loss widens amid increase in activity in Morocco

(Alliance News) - Predator Oil & Gas Holdings PLC on Wednesday said that its loss widened in 2023, as a result of an increase in drilling activity in Morocco.

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20 Feb 2024 13:35

Predator Oil & Gas down after facing formation damage at Moroccan site

(Alliance News) - Shares in Predator Oil & Gas Holdings PLC dropped on Tuesday after the company said that testing at its Moroccan gas asset encountered "potentially deep" formation damage.

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5 Feb 2024 17:35

TRADING UPDATES: Gaming Realms expects to report annual revenue boost

(Alliance News) - The following is a round-up of trading updates for London-listed companies, issued on Monday and not separately reported by Alliance News:

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26 Jan 2024 13:36

IN BRIEF: Predator O&G to begins rigless testing in Morocco next week

Predator Oil & Gas Holdings PLC - Jersey-based oil and gas company focussed on Morocco, Trinidad, and Ireland - Says it expects to begin its rigless testing programmes onshore Morocco on or around Monday next week. The testing programme is forecast to last for up to 14 days. Also provides update on its Guercif block following an independent technical report by Scorpion Geoscience Ltd. Says the report gives unrisked P50 and P10 contingent recoverable gas resources of 109.28 and 234.42 billion cubic feet respectively net to Predator. Notes P50 and P10 Prospective recoverable gas resources of 139.67 and 312.16 billion cubic feet respectively net to Predator. Says the report for scoping potential compressed natural gas development gives undiscounted positive cash flow of USD207.5 million net PRD's economic interest with an internal rate of return of 138%. Also says it is fully funded for all 2024 firm commitments.

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12 Jan 2024 09:54

Predator Oil expects profit boost from well workovers

(Alliance News) - Predator Oil & Gas Holdings PLC on Friday said it was fully funded for all 2024 firm commitments.

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30 Nov 2023 11:25

Predator Oil says exploration permit extension unexpectedly delayed

(Alliance News) - Predator Oil & Gas Holdings PLC on Thursday said it is remobilising its testing team as it expects to receive a joint ministerial order allowing an extension of its exploration licence, following "unforeseen" issues.

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7 Nov 2023 18:11

TRADING UPDATES: Actual Experience appoints administrators

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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5 Oct 2023 13:49

Predator Oil opens discussions to sell gas from Guercif well-head

(Alliance News) - Predator Oil & Gas Holdings PLC on Thursday said that it has opened exploratory discussions with a group focussed on the downstream energy business to potentially sell its share of gas produced at Guercif's well-head.

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19 Sep 2023 19:44

IN BRIEF: Predator Oil & Gas loss widens as administrative costs jump

Predator Oil & Gas Holdings PLC - Jersey-based oil and gas company with near-term gas operations focussed on Morocco - Reports pretax loss of GBP2.4 million in the six months to June 30, widened from GBP599,789 the year before. Administrative expenses increased nearly fourfold to GBP2.3 million from GBP599,879. Basic loss per share totalled GBP0.592 compared to GBP0.219. Says cash balance at period end was GBP1.0 million compared to GBP3.3 million before. The outlook for the remainder of 2023 will see the rigless testing programme in Morocco initiated and completed and, subject to results, the CNG development plan being progressed targeting "First Gas" in 2024, company adds.

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11 Sep 2023 11:30

IN BRIEF: Predator Oil & Gas operations not affected by Morocco quake

Predator Oil & Gas Holdings PLC - Jersey-based oil and gas company with near-term gas operations focussed on Morocco - Confirms its operations in north-east Morocco are not within the zone affected by the recent earthquake. Expresses sympathy for those affected, noting it has worked in Morocco for "many years". Predator operates the Guercif petroleum agreement onshore Morocco, which is prospective for tertiary gas less than 10 kilometres from the Maghreb gas pipeline.

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30 Aug 2023 12:18

Predator Oil & Gas "active on three fronts" as updates on operations

(Alliance News) - Predator Oil & Gas Holdings PLC on Wednesday provided an update to its recent operations, including a rigless testing programme in Morocco, and the sale of the Cory Moruga asset in Trinidad.

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1 Aug 2023 14:17

IN BRIEF: Predator Oil raises GBP10 million for rigless testing work

Predator Oil & Gas Holdings PLC - Jersey-based oil and gas company with near-term gas operations focussed on Morocco - Raises GBP10 million through placing of 90.9 million new shares priced at 11 pence each. On Monday, Predator had announced plans to raise GBP7 million. Says net proceeds will be used for completion of an extended rigless testing programme for MOU-1, MOU-3 and MOU-4, commencement of CNG development studies and tendering for long lead items, residual MOU-4 well costs and general working capital.

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31 Jul 2023 17:37

TRADING UPDATES: Predator Oil plans fundraise for rigless testing work

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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13 Jul 2023 12:02

IN BRIEF: Predator says gas reservoir at MOU-4 likely; shares soar

Predator Oil & Gas Holdings PLC - Jersey-based oil and gas company with near-term gas operations focussed on Morocco - Says 64 metres of gas has been interpreted by the National University of Technology's wireline log analysis at the MOU-4 well. Says it is likely that there is a gas reservoir at the top of the Jurassic carbonate target.

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