Predator Oil & Gas Interims to June for Predator where a good deal of hard work was put in to ensure a potentially very exciting second half to the year. The loss of £0.512m was reduced and cash is £o.728m with a further £1.18m held as restricted cash. In the period the company was awarded the Guerat Petroleum Agreement in North Morocco by ONHYM which includes the Moulouya Tortonian Prospect and is being prepared for early drilling. Meanwhile LO 16/30 ‘Ram Head’ was extended by one year to 30th November 2019 and since the period end the CO2 EOR project has moved on and well workovers are to begin shortly and the company announced a CPR giving contingent, development pending, resources of 5.3-8.9 MMboe. The next 6 months will be a very exciting time for Predator with drilling in Morocco and progress to production in Trinidad with Ireland also moving forward leading to ‘some exciting medium-term M&A opportunities. Shareholders have been patient but are believers in this well-run company with masses of upside.
Predator O&G Hldgs (PRD) 4.70p £4.95m Financial Highlights: Loss from operations reduced to £0.512m (2018: full year Loss of £0.792m). Cash balance, at period end of £0.728m (2018 year end: £1.326m). A further £1.18m (US$1.5million) held as restricted cash. On 15 February 2019 raised £1.5m by the issue of Convertible Loan Notes to Arato Global Opportunities LLC to fund a returnable bank guarantee required in respect of the work programme on the Guercif licence in Morocco, and for general working capital purposes. On 19 March 2019 Predator Gas Ventures Limited was awarded the Guercif Petroleum Agreement in Northern Morocco by ONHYM which includes the Moulouya Tortonian Prospect and is being prepared for early drilling. During the period £350,000 of the Loan Notes have been redeemed by conversion into 5,110,803 ordinary shares
·Loss from operations reduced to £0.512 million. ·On 15 February 2019 raised £1.5 million by the issue of Convertible Loan Notes to Arato Global Opportunities LLC to fund a returnable bank guarantee required in respect of the work programme on the Guercif licence in Morocco, and for general working capital purposes. ·During the period £350,000 of the Loan...
Predator Oil & Gas An update from Trinidad this morning where well workover operations at AT-4 and AT-5X have started to survey downhole conditions to ensure that no obstacle will prevent Predator’s s preferred downhole completion design from being installed across the Herrera sand interval chosen for the first injectivity and production test. These are the wells chosen for the initial pilot CO2 EOR programme and ‘clears the way for the next stage of the CO2 project to begin’. CEO Paul Griffiths also says in the announcement that ‘simultaneously we are accelerating our plans to drill in Morocco and expect to conclude an option on a rig in the near future’. The company has been working hard on the Morocco licence and has great enthusiasm for it, viz ‘We are looking forward to a very busy and exciting period of sustained operations over the next 6 months with Morocco potentially offering a transformational opportunity for near-term value creation for our shareholders’. All in all PRD are beginning to look like a most interesting play in the sector over the next few months.
RNS Number: 6393 I Predator Oil& Gas Holdings PLC 12 August 2019 FOR IMMEDIATE RELEASE. Predator Oil& Gas Holdings Plc/ Index: LSE/ Epic: PRD/ Sector: Oil& Gas. Predator Oil& Gas Holdings Plc, the Jersey-based Oil and Gas Company, today provides an operations update on its progress onshore Trinidad..
RNS Number: 0491 G Predator Oil& Gas Holdings PLC 19 July 2019 FOR IMMEDIATE RELEASE. Carl brings significant financial expertise to the position and effective oversight of the Company's finances going forward as we progress drilling in Morocco and develop production potential in Trinidad. " Predator is an oil and gas exploration company with the objective of...
Predator Oil & Gas Comments from Predator following the Irish Offshore Operators Association statement, with particular reference to implications for indigenous gas at Ram Head in the Celtic Sea now that the Government is now not proceeding with the Climate Emergency Bill. It makes the point that indigenous gas gives Ireland ‘security of supply, a lower carbon footprint as gas replaces imported coal, tax revenues to fund investment in renewable energy ensuring that energy is affordable and accessible to all’. CEO Paul Griffiths also notes that ‘this is a pragmatic approach being adopted with respect to the importance of developing indigenous gas offshore Ireland’. This will mean that Predator can now go ahead and re-approach those ‘substantive’ potentially interested parties with a view to developing the two gas discoveries that lie in Ram Head.
RNS Number: 7569 E Predator Oil& Gas Holdings PLC 08 July 2019. Implications for Indigenous Gas at Ram Head, Celtic Sea, Ireland. Predator Oil& Gas Holdings Plc, the Jersey-based Oil and Gas Company, has responsibly reflected upon the statement made by the Irish Offshore Operators' Association on 5 July 2019 regarding the decision by the Government of Ireland not to...
Predator Oil & Gas In a Trinidad update this morning Predator announce that the key Certificate of Environmental Clearance has been issued, well completion design has been updated to potentially reduce costs and enhance economics and workovers at AT-4 and AT-5X are due to begin shortly. This is key because the CEC approves injection of locally sourced carbon dioxide provided exclusively by Predator. Also out today is a CPR which gives contingent, development pending, resources of 5.3-8.9 MMbo on success of the pilot project and if PRD were to buy FRAM would be acquiring resources ‘for significantly less than $1 pb’. With the company saying that operational planning is progressing well shareholders should be pleased that this potentially key milestone has been passed and the project is progressing according to plan. I will add more after I have spoken to Paul Griffiths.
RNS Number: 4292 E Predator Oil& Gas Holdings PLC 04 July 2019 Predator Oil& Gas Holdings Plc/ Index: LSE/ Epic: PRD/ Sector: Oil& Gas. Predator Oil& Gas Holdings Plc. Predator Oil& Gas Holdings Plc, the Jersey-based Oil and Gas Company, today provides an update on its progress onshore Trinidad..
Predator is an oil and gas exploration company with the objective of participating with FRAM Exploration Trinidad Ltd. in further developing the remaining oil reserves in the producing Inniss Trinity oil field onshore Trinidad, primarily through the application of C02 EOR technology. In addition, Predator also owns and operates exploration and...
Predator is an oil and gas exploration company with the objective of participating with FRAM Exploration Trinidad Ltd. in further developing the remaining oil reserves in the producing Inniss Trinity oil field onshore Trinidad, primarily through the application of C02 EOR technology. In addition, Predator also owns and operates exploration and...
Predator Oil& Gas Holdings Plc, the Jersey-based Oil and Gas Company, has received notice from Arato Global Opportunities Limited for the conversion of a further £100,000 of the Loan Note, issued on 15 February 2019, and accordingly Predator has today allotted and issued 1,702,251 New Ordinary Shares. The Company has made application for the admission of...
Predator Oil& Gas Holdings Plc, the Jersey-based Oil and Gas Company, has received notice from Arato Global Opportunities Limited for the conversion of £100,000 of the Loan Note, issued on 15 February 2019, and accordingly Predator has today allotted and issued 1,441,664 New Ordinary Shares. The Company has made application for the admission of 1,441,664...
Predator's AGM will be held on 13 June 2019 at 11.00 a.m. at the offices of Oak Group Limited, 3rd Floor Standard Bank House, 47-49 La Motte Street, St Helier, Jersey JE2 4 SZ.. Predator is an oil and gas exploration company with the objective of participating with FRAM Exploration Trinidad Ltd. in further developing the remaining oil reserves in the producing Inniss...
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Predator Oil & Gas Holdings ("Predator") is a Public Limited Company registered in Jersey Number 125419 listed on the main market of the London Stock Exchange (Ticker PRD and ISIN JE00BFZ1D698) by way of a standard listing under Chapter 14 of the UKLA's Listing Rules. Predator has two wholly owned subsidiaries: Predator Oil & Gas Trinidad Ltd. and Predator Oil and Gas Ventures Ltd. Our portfolio consists of upstream exploration, appraisal and development assets onshore Trinidad and offshore the Republic of Ireland. Since its formation, Predator has built a diversified portfolio of oil and gas interests with the key focus being the pursuit of Enhanced Oil Recovery opportunities using carbon dioxide injection in Trinidad and exploration and appraisal gas assets offshore Ireland. The Company's board and management have many years experience around the world in creating, developing and executing oil and gas projects.

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