Business
February oil sales and strengthening oil price
Predator Oil & Gas Holdings Plc reported gross oil sales of $337,071 for February from its four onshore Trinidad fields, with an average price of $60.21 per barrel. The company anticipates March oil sales prices to be 25% to 35% higher due to strengthening global oil prices. Production enhancement efforts include logging the BON-20 well across three zones, bringing six offline wells back online, and implementing increased swabbing frequency. Predator is also evaluating an aggressive drilling program to capitalize on the current oil price spike, which could lead to a reduced Petroleum Profit Tax rate of 12.5% by utilizing legacy tax losses. Disclaimer*
About this update from Predator Oil & Gas Holdings Plc
[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE\n \n23 March 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 \n February oil sales and strengthening oil price \n \nHighlights\n \n· Cumulative gross oil sales for February US$337,071\n \n· Forecast March oil sales price expected to be 25 to 35% higher\n \n· BON-20 logged over three separate oil zones\n \n· Well interventions and increased swabbing frequency to enhance production\n \n· Aggressive back-to-back drilling programme being evaluated to increase production coinciding with oil price spike\n \n \nPredator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas Company with hydrocarbon operations focussed on production in Trinidad and appraisal and near-term development in Morocco, announces gross sales revenues from production for the month of February from its four oil fields onshore Trinidad.\n \n\n\n\n\n Field\n\n\n Barrels sold\n\n\n US$/barrel\n\n\n Total US$ gross revenue\n\n\n\n\nGoudron\n\n\n 4360\n\n\n \n\n\n 197,378\n\n\n\n\nInniss-Trinity\n\n\n 3912\n\n\n \n\n\n 95,377\n\n\n\n\nIcacos\n\n\n 277\n\n\n \n\n\n ...