Predator Oil & Gas Holdings plc has issued three million share options to its recently appointed non-executive director and chairman Stephen Boldy.
Issued on 1 October, the options are exercisable at 10.5 pence per share with one million immediately vesting.
The remaining two million will vest after three months, or on first gas flow rate from the MOU-3 well in the Guercif licence, or when production at Cory Moruga in Trinidad reaches 100 barrels of oil per day, whichever occurs first.
The company added that under its October 2020 unapproved share option scheme, a total 15,355,486 share options granted to a former director have lapsed.