Predator Oil & Gas Holdings (PRD) investor relations material

Executive summary

• Achieved transition to a revenue-generating business by acquiring and integrating four producing oil fields in Trinidad, boosting production and cash flow, and establishing a self-funding operational model through a Master Services Agreement with NABI Construction.

• Advanced Moroccan gas strategy with successful rigless testing of the MOU-3 well, submission to extend the Guercif Petroleum Agreement, and preparations for the MOU-6 appraisal well targeting scalable CNG development.

• Maintained a debt-free balance sheet, raised £3.2m in equity, and ended the year with £1.5m in cash, positioning for 2026 drilling and development activities.

• Continued to pursue regulatory progress for the Corrib South gas project in Ireland, with potential for future gas storage and LNG import infrastructure.

Financial highlights

• Reported revenue of £938,835 from Trinidad oil sales; cost of sales was £1,224,296, resulting in a gross loss of £285,461.

• Operating loss increased to £2,883,272 (2024: £2,133,610), mainly due to higher share-based payment charges (£1,694,735) and increased operational activity.

• Cash reserves at year-end were £1,518,874 (2024: £3,813,371); no debt or outstanding directors' loans.

• Intangible assets rose to £26.2m, reflecting investments in Trinidad and Morocco.

• Share capital increased to 686.3m shares (2024: 611.9m) following equity raises and asset acquisitions.

Outlook and guidance

• 2026 focus on drilling and testing the Snowcap-3 well in Trinidad, targeting early monetisation and production ramp-up.

• Plan to drill MOU-6 in Morocco, aiming for commercial gas flow and a pilot CNG development, with ongoing partner negotiations.

• Continued cost discipline, leveraging tax losses, and maintaining flexibility for asset divestment if attractive opportunities arise.