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: Cory Moruga onshore oil field – Trinidad
Predator issues 6m share options to two NEDs
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 […]
Predator operating losses rise on multi-well drilling
Predator Oil & Gas Holdings plc reported more than a three-fold increase in operating losses from drilling for potential additional gas resources onshore Morocco. FINANCES Half-year results to 30 June saw losses of £2,361,721 (H1 2022: £599,789). Cash reserves totalled £1,006,006 (full year 2022: £3,323,161) and restricted cash of £1,188,863 (FY 2022: £1,245,798) as the security deposit for […]
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 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 […]