Predator Oil & Gas Holdings plc has completed its acquisition of operator T-Rex Resources (Trinidad) Ltd and 83.8% of the Cory Moruga licence, onshore Trinidad. SNOWCAP The licence includes the Snowcap discovery, with oil previously produced on test from the Snowcap-1 and Snowcap-2ST wells. Over the next three years, Predator will re-enter Snowcap-1 to bring […]
Tag: Challenger Energy Group plc
Predator secures more time to acquire Cory Moruga
Predator Oil & Gas Holdings plc has secured more time to acquire the Cory Moruga asset and progressed partner talks on carbon dioxide enhanced oil recovery (CO2 EOR) projects in Trinidad. CONDITIONS The licence includes the Snowcap oil discovery, with oil previously produced on test from the Snowcap-1 and Snowcap-2ST wells. The purchase, from Challenger Energy […]
Predator agrees extension to acquire Cory Moruga
Predator Oil & Gas Holdings plc has secured a time extension to complete its acquisition from Challenger Energy Group of the Cory Moruga licence, onshore Trinidad. APPROVAL The first deadline was for on of before 30 May but completion of the transaction is conditional on consent from the country’s Ministry of Energy and Energy Industries. […]
Predator signs binding deal for Cory Moruga
Predator Oil & Gas Holdings plc has signed a binding agreement with Challenger Energy Group plc to acquire the Cory Moruga licence, onshore Trinidad. UNREALISED POTENTIAL The fully termed long-form legal deal was initiated in December 2022, following a dispute between the companies. The terms remain unchanged including Predator’s 100% acquisition of the issued share […]
Predator settles dispute over Cory Moruga
Predator Oil & Gas Holdings plc has reached a final settlement over its carbon dioxide enhanced oil recovery (CO2 EOR) well participation agreement at the Inniss-Trinity project in Trinidad. LITIGATION In June 2022, the company began litigation against the Challenger Energy Group plc over a loan and premature termination of the project. The agreed settlement […]