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Predator Oil & Gas shares drop 16% after AGM reveals funding challenges for Moroccan gas project

Market News
14 Oct 2026
Proactive Investors
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Bearish
Predator Oil & Gas shares drop 16% after AGM reveals funding challenges for Moroccan gas project

Predator Oil & Gas shares fell 16% to 2.39p following its annual general meeting where it outlined funding needs for its Moroccan gas project. The company prefers a local partner to share risk but faces challenges due to a weak balance sheet, low market valuation, and rising cash burn. The next operational step is testing a well in Morocco, while drilling in Trinidad is planned for November 2026. Cash reserves stood at £6.6 million as of June 2026.

Predator Oil & Gas shares dropped 16% after its AGM, highlighting funding challenges for its Moroccan gas project. For readers following the energy sector, here is Pluang's market snapshot as of Oct 14, 2026 15:21 WIB: among 79 priced US energy stocks, 49 rose and 20 fell. Notable movers include Valaris Limited (VAL) at USD 87.16 with a 1.88% increase, Cactus Inc. (WHD) at USD 64.96 up 1.39%, and Schlumberger NV (SLB) at USD 49.28 with a 1.05% rise, though Pluang order activity for SLB shows 85% sell and 15% buy with a typical hold time of 99 days.

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