Predator Oil & Gas Holdings plc issued six million options over ordinary shares to two non-executive directors under the company’s existing option scheme.
Alistair Jury and Carl Kindinger each received three million options exercisable at 12.5 pence per share.
A total 50% of the options will vest upon a news release on rigless testing results for the Guercif licence in Morocco, and 50% when acquisition completes of TRex Holdings Trinidad Ltd and the Cory Moruga project.