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 […]
Tag: Guercif – Morocco gas
Predator advances Morocco-Trinidad assets
Predator Oil & Gas Holdings plc has progressed its projects onshore Morocco and Trinidad. MOROCCO At Guercif, the company is extending Sandjet rigless testing on the MOU-3 well following data analysis by petroleum and chemical engineer Dr John Tinglass. Dr Tinglass worked on the company’s Inniss-Trinity CO2 EOR project in Trinidad, achieving enhanced oil production. […]
Predator changes board following review
Predator Oil & Gas Holdings plc has appointed its executive chairman Paul Griffiths as chief executive officer among other changes to board. Former chief operating officer Lonny Baumgardner leaves the board for personal reasons and the post of managing director is removed from the management structure. “The board wishes to thank Mr Baumgardner for his […]
Predator rigless testing shows damaged formation
Predator Oil & Gas Holdings plc reported damaged formation from phase I rigless testing on the Guercif licence, onshore Morocco. DRILLING MUDS Beginning on 10 February, the company perforated all four zones in wells MOU-1 and MOU-3 to complete on 19 February, with the crews and equipment now demobilised. Predator used conventional 111/16″ perforating guns, […]
Predator awards 2.7m bonus shares to chairman and COO
Predator Oil & Gas (Holdings) plc issued 2,659, 574 shares under the executive directors bonus scheme in recognition of the drilling programme and results onshore Morocco. Executive chairman Paul Griffiths and chief operating officer Lonny Baumgardner each received 1,329,787 1,329,787 shares. The amount, comprising 50% of the executive directors’ overall bonus related to the drilling […]
Predator signs MoU for Guercif gas sales
Predator Oil & Gas Holdings plc has signed a memorandum of understanding for sales of up to potentially 50 million cubic feet of gas per day from Guercif onshore Morocco. FOUNDATION The exclusive one-year MoU, beginning 27 November, with Afriquia Gaz S.A. involves discussing the terms of a legally binding gas sales agreement of compressed […]