Earnings release
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RNS Number : 5132VPredator Oil & Gas Holdings PLC21 September 2026 FOR IMMEDIATE RELEASE 21 September 2026 Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas Predator Oil & Gas Holdings Plc("Predator" or the "Company") Morocco - Commencement of MOU-6 drilling operations Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey-based Oil and Gas Company with producing hydrocarbonoperations and exploration activity focussed on Trinidad and Morocco,announces the following update. The MOU-6 well commenced drilling on 19 September 2026. Well operations are planned to last for up to 20 days. Information on the MOU-6 objectives can be found in the Independent Technical Resources Report, referenced in the RNSdated 11 June 2026, which can be found on the Company's website atwww.predatoroilandgas.com/investors/. Follow the Company on X @PredatorOilGas. This announcement contains inside information for the purposes of Article 7 of the Regulation (EU) No596/2014 on market abuse. For more information please visit the Company's website at www.predatoroilandgas.com: Enquiries: Predator Oil & Gas Holdings Plc Paul Griffiths Chief Executive Officer Tel: +44 (0) 1534 834 600 Info@predatoroilandgas.com AlbR Capital Limited David Coffman / Jon Belliss OAK Securities Tel: +44 (0)207 469 0930 Tel: +44 (0) 20 3973 3678 Flagstaff Strategic and Investor Communications Tim Thompson Alison Alfrey Fergus Mellon Tel: +44 (0)207 129 1474 predator@flagstaffcomms.com Notes to Editors: Predator is an oil & gas company with a portfolio of assets including unique and highly prospective onshoreMoroccan gas exposure and production, appraisal and exploration projects onshore Trinidad. Morocco offers a potentially faster route to commercialisation of shallow biogenic gas through a CNG or micro-LNG development. The structure penetrated by the MOU-1 and MOU-3 wells is currently defined by the Companyas having the best hydrocarbon potential and remains a key focus for the Company and its shareholders forfurther appraisal and potential development. The Company is committed to partnering with entities capable of
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supporting a future development decision and who have already identified the opportunity as one warranting theexecution of a Collaboration Agreement and a Memorandum of Understanding. Moroccan gas prices are high,and the fiscal terms are some of the best in the world. The presence of gas export infrastructure adjacent to theMOU-1 and MOU-3 structure allows for a scalable gas development after initial CNG or micro-LNG gas productionover time establishes the extent of connected gas volumes and the capability of reservoirs to deliver at plateaurates over time. Trinidad offers the security of a mature onshore oil province that has been producing hydrocarbons for over 50years. Predator has assembled a portfolio of onshore producing fields with opportunities for productionenhancement and additional infill development and appraisal drilling. Significant legacy tax losses, economies ofscale and the application of new low-cost technologies are factors that can improve profit margins per barrel ofoil produced. A Master Services Agreement with local operator NABI Construction relieves the Company of theburden and costs of operating the fields and executing drilling and heavy well workovers. In return the Companyreceives 30% of gross sales revenues for which it can use its acquired tax losses to substantially reduce PetroleumProfit Tax from 50% to an effective rate of 12.5%. Predator has an experienced technical, financial and legal management team with particular knowledge of theMoroccan and Trinidad sub-surface and operations and an ability to complete M & A transactions in Trinidad andreceive regulatory approvals in a timely manner and without any unnecessary advisory fees for transactions. TheCompany's strategy is to operate at a much reduced overhead compared to other operators with portfolios ofassets of similar extent to maintain competitiveness. Predator Oil & Gas Holdings plc is listed on the Equity Shares (transition) category of the Official List ofthe London Stock Exchange's main market for listed securities(symbol: PRD). For further information, visitwww.predatoroilandgas.com This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authorityto act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this informationmay apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the informationcontained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. Forfurther information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END