Paul Griffiths, CEO at Predator Oil & Gas highlighted the unique mix and balance in the Predator portfolio, given the balance between project development and production the group now has. In particular, he suggested it is likely to be the case that production coming on stream over the next year from Trinidad and Morocco will go to fund the ongoing development of its offshore Ireland asset.
Given the significance of its Irish asset in terms of the potential value to a strategic buyer, Griffiths feels that Predator’s current offering is unique amongst its corporate peers, over and above the Enhanced Oil Recovery process it employs in Trinidad.