Predator Oil & Gas Holdings plc said it was evaluating an “aggressive” back-to-back drilling programme at the Bonasse field onshore Trinidad, to take advantage of the recent spike in oil prices.
REVENUE
During February 2026, the company drilled and completed two new development wells, BON-18 and 19, with both now online and producing.
Predator has also brought back online six offline wells in the Inniss-Trinity and Goudron fields.
The company said that the new infield development well BON-20 had been logged and completed for perforating in “several” zones.
Six well workovers are also planned in the Inniss-Trinity and Goudron fields.
“A schedule for increasing the frequency of swabbing cycles and the number of wells being swabbed has been put in place,” added Predator.
“Jacobin-1 will be added to the swabbing programme as soon as the scheduling of a workover rig permits.
“New development well locations for the Bonasse field are being evaluated to support a back-to-back drilling programme to maximise rig use whilst mobilised on site.”
The company also continues to progress planning for the SC-3 Snowcap appraisal / development well.
During February, Predator sold 4,360 barrels oil oil from Goudron, 3.912 from Inniss-Trinity, 277 from Icacos and 459 from Bonasse, for a gross revenue of US$337,071.
The Bonasse figure of 459 is out of 1,077 barrels produced during the month with the balance to storage.
Chief executive officer Paul Griffiths said: “We continue to focus on development drilling activity in Trinidad and enhancing production to capture increased sales revenues during the current spike in oil prices.
“Increased sales revenues and profits allows us to bring forward the utilisation of legacy tax losses to reduce our Petroleum Profit Tax to an effective rate of 12.5% .”