StocksMedium•15 October 2026•
1 min read
Predator Oil & Gas Shares Plunge 41% Following £2.5M Share Placing
Key Facts
1Predator Oil & Gas shares fell 41% to 1.38p after announcing a conditional £2.5 million placing.
2The company priced 166,666,667 new shares at 1.5p each, a significant discount to the previous closing price of 2.35p.
Predator Oil & Gas shares fell 41% to 1.38p after announcing a conditional £2.5 million placing. Proactive Investors reported that the company priced 166,666,667 new shares at 1.5p each, representing a significant discount to the previous closing price of 2.35p.
The proceeds are earmarked for production growth at the Snowcap-3 facility and drilling activities in Morocco, with management citing inflation-driven cost increases for the funding requirement. Completion of the placing remains subject to admission to listing and trading, which is expected to occur around October 20, 2026.