Source - LSE Regulatory
RNS Number : 5634B
Predator Oil & Gas Holdings PLC
11 June 2021
 

FOR IMMEDIATE RELEASE

 11 June 2021

 

               Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas

                                                                  LEI 213800L7QXFURBFLDS54

Predator Oil & Gas Holdings Plc

("Predator" or the "Company" and together with its subsidiaries "the Group")

 

MOU-1 drilling

 

Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company with operations in Trinidad, Morocco and Ireland is pleased to announce that the MOU-1 site construction and civil works have been completed.

A further update on the mobilisation of the Star Valley Rig 101 to Guercif is expected next week.

 

This announcement contains inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 on market abuse

  

For more information, please visit the Company's website at www.predatoroilandgas.com

 

Enquiries:

Predator Oil & Gas Holdings Plc

Dr. Stephen Staley   Non-executive Chairman

Paul Griffiths             Chief Executive Officer

Tel: +44 (0) 1534 834 600

Info@predatoroilandgas.com

 



Novum Securities Limited

Jon Belliss

 

Optiva Securities Limited

Christian Dennis

Tel: +44 (0) 207 399 9425

 

 

Tel: +44 (0) 203 137 1902



Flagstaff Strategic and Investor Communications

Tim Thompson 

Mark Edwards

Fergus Mellon

Tel: +44 (0) 207 129 1474

predator@flagstaffcomms.com

 

 

 

 

 

 

 

 

Notes to Editors:

 

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 and sequestrating anthropogenic carbon dioxide in the producing Inniss Trinity oil field onshore Trinidad, primarily through the application of C02 EOR technology. Potential for cash flow exists by executing a successful Pilot Enhanced Oil Recovery project using locally sourced liquid carbon dioxide for injection into and storage within the oil reservoirs ("C02 EOR"). Near-term expansion and production growth potential is focussed on upscaling the C02 EOR operations in the Inniss-Trinity oil field, subject to all necessary approvals. 

 

Predator is operator of the Guercif Petroleum Agreement onshore Morocco which is prospective for Tertiary gas in prospects less than 10 kilometres from the Maghreb gas pipeline.  A drilling programme, subject to the lifting of COVID-19 restrictions, targeting material prospective gas resources is scheduled for Q2 2021.

 

In addition, Predator also owns and operates exploration and appraisal assets in licensing options offshore Ireland, for which Successor Authorisations have been applied for, adjoining Vermilion's Corrib gas field in the Slyne Basin on the Atlantic Margin and east of the Kinsale gas field and Barryroe oil field in the Celtic Sea.

 

The Company has a highly experienced management team with a proven track record in the oil and gas industry.

 

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