Predator Oil & Gas Holdings plc has appointed Geoffrey Leid as a director of its subsidiary T-Rex Resources (Trinidad) Ltd.
The company has also awarded Mr Leid three million unallocated share options on his appointment.
The options, issued on 18 April 2024, are exercisable at 12.5 pence per share.
One million share options vest immediately and the remaining two million will vest after six months or upon production from the Cory Moruga exploration and production licence reaching 200 barrels of oil per day, whichever occurs first.
Mr Leid, in-country managing director of T-Rex, will concentrate on promoting and developing the business activities in Trinidad, especially the Cory Moruga field development.
He is a corporate consultant/adviser focusing on oil and gas development projects, with 10 years’ experience in the acquisition and funding of resource projects in Trinidad.
An attorney by profession, Mr Leid has specialised in real estate, corporate mergers and acquisitions while sitting on numerous boards in the real estate, telecommunications and energy sectors throughout the Caribbean.
He holds undergraduate degrees in Economics and Administrative Studies from York University, Canada and obtained his LLB in the United Kingdom.
As a member of Grays Inn, Mr Leid was called to the Bar in England. He is also a member of the Chartered Professional Accountants in Canada.
LAPSED OPTIONS
Predator added that 4.65m combined share options for Louis Castro, Dr Stephen Staley and Thomas Evans have lapsed.