Predator Oil & Gas Holdings PLC - Jersey-based oil and gas company with near-term gas operations focussed on Morocco - Reports pretax loss of £2.4 million in the six months to June 30, widened from £599,789 the year before. Administrative expenses increased nearly fourfold to £2.3 million from £599,879. Basic loss per share totalled £0.592 compared to £0.219. Says cash balance at period end was £1.0 million compared to £3.3 million before. The outlook for the remainder of 2023 will see the rigless testing programme in Morocco initiated and completed and, subject to results, the CNG development plan being progressed targeting ‘First Gas’ in 2024, company adds.

Additional high impact drilling opportunities in Morocco will be evaluated and potentially progressed in 2023 and 2024.

Current stock price: 10.80 pence

12-month change: up 31%

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