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Pin to quick picksPredator Oil Share News (PRD)

Share Price Information for Predator Oil (PRD)

London Stock Exchange
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Share Price: 9.75
Bid: 9.50
Ask: 10.00
Change: 1.20 (13.33%)
Spread: 0.50 (5.263%)
Open: 9.50
High: 10.20
Low: 9.50
Prev. Close: 9.00
PRD Live PriceLast checked at -

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SMALL-CAP WINNERS & LOSERS: Alfa Financial lifts revenue outlook

Tue, 06th Jul 2021 11:08

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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SMALL-CAP - WINNERS

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Alfa Financial Software Holdings PLC, up 5.4% at 146.50 pence, 12-month range 62.18p-153.7p. The asset finance industry software firm says strong revenue performance has continued since May update and bumps up full-year outlook. First-half revenue expectations remain unchanged, but increased contractual cover for the second half, along with further statement of work for existing customers, leads firm to anticipate revenue for 2021 as a whole to be 5% higher than prior expectations. "As a consequence we now expect to exceed 2020 underlying revenues (excluding 2020 one-off licence income) despite the negative impact of currency," it says.

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EnQuest PLC, up 5.3% at 22.90p, 12-month range 8.67p-25.3p. Completes acquisition of P1078 licence containing the proven Bentley heavy-oil discovery from Whalsay Energy Holdings Ltd. In April, firm announced the deal and said it would pay up to USD2 million in accrued costs for the entire equity interest in the Bentley discovery. No other upfront consideration is payable although EnQuest may make deferred payments to Whalsay based on future revenue generated, which are capped at USD40 million, it added at the time.

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SMALL-CAP - LOSERS

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Predator Oil & Gas Holdings PLC, down 37% at 8.845p, 12-month range 2.55p-22.3p. The oil and gas company reports completion of drilling of MOU-1. Formation gas shows were recorded in a shallow sand at 605 metres measured depth comprising 2.35% or 19,392 parts per million C1 methane. "The occurrence of good gas shows in MOU-1 with evidence of thermogenic gas migration supports in this part of the Guercif Basin the pre-drill geological interpretation for a deep gas 'kitchen' connected to shallower reservoirs by large faults," it says, adding that it will propose to its partner to drill the previously defined MOU-4 location later this year to the northeast of MOU-1.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
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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11 Jul 2023 11:43

CORRECT: Predator Oil & Gas sees shares fall on well data analysis

(Correcting title to clarify that no well testing has been completed yet).

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