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 […]
Tag: Predator Oil & Gas Holdings plc
Predator amends Guercif rigless testing programme
Predator Oil & Gas Holdings plc has altered the sequence of rigless testing of wells after making “good progress” on opening talks for a potential off-take agreement at Guercif. MOU-3 The company integrated results from MOU-1 to MOU-4 wells before choosing MOU-3 as the focal point for a potential CNG [compressed natural gas] development hub. […]
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 extends sympathy over Morocco earthquake
Predator Oil & Gas Holdings plc has extended its sympathy to those affected by the earthquake on 8 September in Morocco. The earthquake struck below villages in the High Atlas mountains south of Marrakesh, with some 2,500 to date reported killed. “The company is terribly sorry to have received the news Friday night and over […]
Predator nears rigless testing of MOU-1 well
Predator Oil & Gas Holdings plc has submitted the rigless testing work programme for the MOU-1 well at Guercif onshore Morocco. LOGISTICS The well will be tested by France-based Energy Consulting Services (ECS), licensed to use and operate the Sandjet perforating technology. Predator has chosen 18 individual horizons within intervals for testing and may add […]
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 […]