Predator Oil & Gas Holdings plc has raised £1.3 million before expenses after conditionally placing 26,000,000 new ordinary shares at 5 pence each. The company said that the placing was significantly oversubscribed.
Tag: Predator Oil & Gas Holdings plc
Predator appoints Lonny Baumgardner as COO
Predator Oil & Gas Holdings plc has appointed Lonny Baumgardner as chief operating officer with immediate effect. Mr Baumgardner trained as a petroleum engineer and has 30 years’ experience in oil and gas operations. For more than 25 years, he has worked internationally across upstream operations, including several years based in Morocco, Egypt, Tanzania, Australia, […]
Predator plans further drilling after gas shows at Guercif
Predator Oil & Gas Holdings plc said that evidence from the drilled MOU-1 well supported a pre-drill geological interpretation for a deep gas “kitchen” in Guercif, northern Morocco. BUSINESS STRUCTURE Predator (75%) operates Guercif in joint venture with the Office National des Hydrocarbures et des Mines (ONHYM) acting on behalf of the Moroccan state (25%). […]
Predator starts drilling MOU-1 gas well on schedule
Predator Oil & Gas Holdings plc said it had started drilling the MOU-1 gas well in the Guercif Basin, northern Morocco. The company began operations at 1am yesterday (20 June) with drilling ahead in progress to the first planned 133/8″ casing point. The well is forecast to take up to 20 days to drill and to […]
Predator raises £1.5m via placing
Predator Oil & Gas Holdings plc raised £1,500,000 before expenses after conditionally placing 10,000,000 new ordinary shares at a placing price of 15 pence each. The company said that the placing was significantly oversubscribed.
Predator remains on course to drill MOU-1
Predator Oil & Gas Holdings plc said it remained on schedule to start drilling next month its MOU-1 gas well in the Guercif Basin, northern Morocco. The MOU-1 well, comprising permits I, II, III and IV, is approximately 250km due east of and on trend with the Rharb Basin, where shallow commercial gas production has been […]