Predator Oil & Gas Holdings plc received a £1,890,000 loan before expenses after two directors sold 18 million shares. PROSPECTUS Predator said it had insufficient headroom for the issue and admission of new ordinary shares without an FCA-approved prospectus, which it expects to complete “in the coming weeks”. The company aims to publish a revised […]
Tag: Predator Oil & Gas Holdings plc
Predator finds zones of interests from MOU-3 results
Predator Oil & Gas Holdings plc encountered multiple zones of interest after completing drilling and logging for the MOU-3 well at Guercif, onshore Morocco. JURASSIC Operations to appraise the Moulouya Fan primary reservoir target and several secondary reservoir targets encountered five potential sands with gas shows within the interval from 815 to 895m TVD MD. […]
Predator identifies new potential gas reservoirs
Predator Oil & Gas Holdings plc has identified two new unexpected potential gas reservoirs during the MOU-3 well’s appraisal on the Moulouya Fan primary reservoir target at Guercif, onshore Morocco. SANDS The operator said that operations had encountered “significant” shallow overpressured gas, identifying a path for the migration of deep gas into the next six […]
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 receives £50,000 via share options exercise
Predator Oil & Gas Holdings plc has received £50,000 after former director Louis Castro exercised one million share options. The exercise is in accordance with the company’s unapproved share option scheme dated 27 October 2020 to subscribe for 1,650,000 new shares of no par value in the company at 5p per share. Following admission, Predator’s […]
Predator targets £2m in fundraise for Guercif drilling
Predator Oil & Gas Holdings plc looks to raise approximately £2 million from two executive directors’ share option exercises and a conditional two-tranche placing. SHARE OPTION SCHEME On 12 May, the company reported that managing director Paul Griffiths exercised 11,183,605 share options and executive chairman Lonny Baumgardner 7,928,444, in accordance with Predator’s unapproved share option […]