Highlights

• Accelerated further 2025 drilling activity in Morocco and Trinidad
• MOU-5 "Titanosaurus" on schedule to commence drilling this month

Predator Oil & Gas, a Jersey based Oil and Gas Company with near-term drilling operations focussed on Morocco and Trinidad, has conditionally placed 50 million new ordinary shares of no par value in the Company at a placing price of 4 pence each to raise £2 million (before expenses).

The Placing utlises some of the Company's existing headroom shares under the Financial Conduct's Authority Prospectus Regulation Rules.

Strategic Investors

The Strategic Investors have a very good understanding of the oil and gas sector and wish to be cornerstone investors in the Company going forward

They  recognize the management's potential to execute and transform potentially high value multiple projects in Morocco and Trinidad through an accelerated drilling programme following the completion of the upcoming MOU-5 well in Morocco on the Titanosaurus prospect.

Rationale

The Company's internal reorganisation in September 2024 was designed to streamline its ability to deliver multiple projects within realistic timescales so as to advance monetisation of its portfolio of potentially high-reward drilling opportunities. The Company also took steps to review its funding strategy for 2025 and to seek out strategic investors who were aligned with the management's 2025 vision of value creation based on sustainable drilling activity, accruing of production revenues and opportunities to divest where appropriate based on the oil and gas sectors perception of the value of assets versus that of the public markets.

With this initial investment by The Strategic Investors the Company has now fulfilled the strategy of securing cornerstone investors aligned with management's vision for accelerated drilling activity and the creation of additional potential monetisation opportunities in 2025.

KeyFacts Energy: Predator Oil & Gas Morocco country profile   l   Predator Oil & Gas Trinidad and Tobago