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.
Tag: Predator Oil & Gas Holdings plc
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 […]
Predator finds early revenue path for Guercif gas
Predator Oil & Gas Holdings plc said it had found a simple way to early monetisation of the group’s Guercif MOU-1 gas well site in Morocco. The company commissioned SLR Consulting Ltd to develop a high level scheme for the transport costs of dry gas to existing reception facilities via a pilot compressed natural gas […]
Predator raises £1.8m via placing
Predator Oil & Gas Holdings plc announced it has raised £1.785 million before expenses after conditionally placing 17 million new ordinary shares of no par value in the company at a placing price of 10.5 pence each. The placing was significantly oversubscribed and utilises much of the company’s existing headroom shares under the Financial Conduct Authority restrictions for […]
Predator to investigate third well at Inniss-Trinity
Predator Oil & Gas Holdings plc said it had included a third well in its investigative work at the pilot enhanced oil recovery (EOR) assisted by carbon dioxide project (pilot CO2 EOR) in Inniss-Trinity field, onshore Trinidad. The company added that swab tests and investigation of two of the four wells originally selected to evaluate […]
Predator starts drill preparations at Guercif
Predator Oil & Gas Holdings plc said it had started preparations for drilling at the MOU-1 well in its Guercif licence, onshore Morocco. The company’s operational planning for the MOU-1 well began on schedule and the construction of the MOU-1 well pad is due to be ready for April 2021. The AT-5X well is being prepared […]