Snowcap-3 Update

Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey-based Oil and Gas Company with producing hydrocarbon operations and exploration activity focussed on Trinidad and Morocco, is pleased to announce the following update.

Preparation of Snowcap-3 Drilling Location and Production Facility Area

The contract for the civil engineering works to prepare the Snowcap-3 drilling location to accommodate Star Valley drilling Rig 205 and the Production Facility Area has been awarded to NABI Construction (Trinidad and Tobago) Limited. Site works will commence immediately.

Snowcap-3 drilling programme

The Snowcap-3 drilling programme has been prepared for regulatory approval.

The casing strategy and well design has been modified in order to set casing over and protect the primary objective, the Herrera #8 Sand, before entering the secondary objective, the Herrera #1 Sand, which the pre-drill forecast indicates may be over-pressured.

For context the Herrera #8 Sand tested light oil and associated gas in the Snowcap-1 well in 2011 on the same structure as that being appraised by Snowcap-3. At that time a maximum initial unrestrained flow rate of 1,574 bopd was achieved from a six-foot perforated interval. Snowcap-3 is expecting to target a significantly thicker interval for perforating.

The Herrera #1 Sand also tested light oil in the Rochard-1 well in 1955 on the same structure as that being appraised by Snowcap-3. At that time an initial flow rate of 312 bopd was achieved from a seventeen-foot perforated interval. Rochard-1 was drilled at the oil-water contact for the Herrera #1 Sand. Snowcap-3 will penetrate the Herrera #1 Sand significantly above the oil-water contact.

The Snowcap-3 well testing programme will be managed to determine the optimum stabilised daily oil flow rate that can be accommodated within the Production Facility Area.

Snowcap-3 will be drilled as a vertical hole to approximately 5,450 feet measured depth and is expected to take approximately 20 days to drill. An extensive well testing programme is planned following an evaluation of the wireline logs.

Admission to Trading

The Company confirms that further to the announcement of 20 January 2026, the 128,571,419 million new ordinary shares of no par value in the Company were admitted to trading on the Main Market of the London Stock Exchange on 23 January 2026.

In addition, the Company confirms that further to the announcement of 15 May 2026, the 85,714,286 million new ordinary shares of no par value in the Company were admitted to trading on the Main Market of the London Stock Exchange on 20 May 2026.

Paul Griffiths, Chief Executive Officer of Predator Oil & Gas Holdings Plc commented:

"We are pleased to have progressed our drilling operations to the point of execution after what has been a very challenging and uncertain period in the context of the logistical supply chain, which has been impacted by the situation in the Middle East.

We are expecting drilling and well testing operations to be completed in Morocco, where the civil engineering works for the MOU-6 drilling location is well underway, and Trinidad by early November.

We are looking forward to a successful and positive conclusion to operations that will potentially have a transformational and material impact on the Company's portfolio of assets by de-risking the ability of our reservoir targets to deliver commercial hydrocarbon flow rates.

Drilling is always the most exciting part of the oil and gas cycle as it is an operation that can immediately deliver high impact results in a success case. We have two opportunities to prove the merits of our business development strategy. We are the only company onshore Trinidad and Morocco with potentially low to moderate risk, high impact, drilling programmes this year."

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