Business
Commencement of Trinidad drilling programme
Predator Oil & Gas Holdings Plc has commenced its Trinidad drilling program with well BON-18 in the Bonasse Field, expected to take two weeks to drill and aiming to access zones with good legacy production. Following this, BON-19 will test the BON-14 trend, potentially leading to 5-7 shallow development wells that are forecasted to add 200-300 barrels of oil per day. Additionally, a heavy workover program in the Goudron field starting next month is expected to contribute an additional 100 barrels of oil per day. These combined programs are projected to add between 300 and 400 barrels of oil per day, all tying into existing facilities and sales arrangements, and are funded to ensure the company retains 100% of the flow rate potential. Disclaimer*
About this update from Predator Oil & Gas Holdings Plc
[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE\n \n22 January 2026\n \n Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas\nPredator Oil & Gas Holdings Plc\n(\"Predator\" or the \"Company\" and together with its subsidiaries \"the Group\")\n \nCommencement of Trinidad drilling programme\n\nHighlights\n \n· BON-18 commenced in Bonasse Field \n \n· Expected to take two weeks to drill\n \n· Next well BON-19 to prove up BON-14 producing trend\n \n· 5 to 7 shallow development wells in Bonasse to follow BON-19\n \n· 6 - 8 Heavy Workover programme commencing in Goudron field in February\n \n· Combined programmes forecasted to add between 300 and 400 bopd\n \n· Ties into existing production facilities and sales arrangements\n \n· Culminates in drilling Snowcap-3\n \n· Recent funding ensures Company retains 100% of substantial flow rate potential\n \n \nPredator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas Company with producing hydrocarbon operations focussed on Trinidad and Morocco, announces that drilling operations under the Master Services Agreement (the \"MSA\") with NABI Construction (\"NABI\") commenced in the Bonasse field on 20 January 2026 with the first well in a multi-well programme, BON-18 (previously designated TPD-CD1).\nBON-18 is a redrill of the legacy production well BON-2, which has damaged casing. This is a deeper well to approximately 1,800 feet which is expected to take two weeks to drill on current pre-drill forecasting. The primary objectives are two zones from which good legacy production was achieved.\nOn completion of BON-18 drilling operations and the tie in of new production the NABI drilling rig moves on to the exploratory well BON-19. This BON-19 well will be the proof of concept for the very shallow BON-14 (\"Saffron\") trend. The Company anticipates that between 5 and 7 shallow development wells will be drilled following this trend such that upon completion of this phase of drilling operations in the Bonasse field between 200 and 300 bopd of new production will be added through existing fa...