Fantastic opportunity and the trolls know that!25 Sep 2025 07:56
Predator
Financial highlights:
· Fully funded to satisfy all commitments for the next twelve months
· Expanded the portfolio of producing assets in Trinidad in order to achieve economies of scale ; taken critical steps in Morocco to finance and monetise near-term oil and gas development projects; facilitated future opportunities to pursue "blue sky" exploration potential for gas and helium in Morocco.
· First oil revenues realised in Trinidad: £66,815 (2024: £0)
· Cash balance, at period end of £2,578,090 (2024 year end: £3,813,371)
· A further £1,093,425 (US$1,500,000) held as restricted cash
· Shareholder dilution minimized to enhance growth potential.
· No loans.
Morocco:
Helium show on gas chromatograph consistent with Company's geological model for helium generation
· Post well evaluation confirms the well significantly down-dip from the culmination of the structure to the northwest
· Presence of mobilised salt, confirmed for the first time in the area, sets up the potential for an additional deeper Triassic target with geological analogues at the Meskala and Tendrara gas fields in Morocco and Hassi R'Mel gas field in Algeria.
Memorandum of Understanding executed for the purchase natural gas; designing, funding, constructing and operating an LNG distribution network; and to provide the services of selling and distributing LNG to industrial and commercial users in Morocco.
There is a massive amount of gas in Morocco and it's just a matter of time now before we reach the end game. Mou-6 to be drill asap.
Trinidad:
Onshore Trinidad the acquisition of Caribbean Rex Limited and its sole asset the Bonasse Field was completed
· There are no outstanding work programme commitments on the Ministry Licence.
· As a consequence of the acquisition the Company was able to establish a sales point for the Bonasse Field oil at the South Erin gathering facility.
· A Production and Field Services Management Agreement was executed with NABI Construction (Trinidad and Tobago) Limited ("NABI") whereby the Company was relieved of the burden of funding field operating costs, workover and drilling costs in lieu of receiving 30% of gross sales revenues less tax and royalty and 20% of gross sales revenues less tax and royalty for infill drilling after recovery of NABI's drilling costs.
· NABI performed 6 light well workovers to restore the Bonasse Field to initial start-up production.
· Planning for up to 2 heavy workovers and one infill development well is progressing for execution later in 2025
C E G:
· Upon approval the acquisition will immediately add up to 285 bopd and increase the Company's revenues from production.
· It is anticipated that the Company will manage the producing assets under similar arrangements with NABI as for the Bonasse field.
Trinidad is moving forward as a money earner..