Predator Oil & Gas Holdings plc has mobilised a rig to a holding location en route to drill the MOU-2 well in the Guercif licence onshore northern Morocco. MOU-2 The contract with Star Valley Drilling Ltd is for rig 101 which successfully drilled and completed rigless testing of the MOU-1 gas discovery well. Predator has […]
Tag: Predator Oil & Gas Holdings plc
Predator firm on legal action if FRAM loan remains unresolved
Predator Oil & Gas Holdings plc said it would continue the legal process if issues remain unresolved over a loan for the CO2 enhanced oil recovery (EOR) pilot project at the Inniss-Trinity field, onshore Trinidad. FRAM LOAN In June 2022, the company announced it had started a litigation process over the £591,065 FRAM loan for […]
Predator receives £28,000 via options exercise
Predator Oil & Gas Holdings plc received £28,038.36 following an exercise notice of share options from a former director. SCHEME The options were issued to Dr Stephen Staley in the company’s unapproved share option scheme dated 18 May 2018 to subscribe for 1,001,370 new shares each at 2.8p. Director Total shares Options 18 May 2018 Options […]
Predator to raise £3.3 million via placing
Predator Oil & Gas Holdings plc is to raise £3.3 million via a placing to fund drilling at its onshore gas operations in Morocco. PLACING The company conditionally placed 60,000,000 new ordinary shares of no par value at 5.5 pence each, lower than yesterday (Tuesday)’s price of 8.3 pence. Predator said that the placing was significantly oversubscribed and […]
Predator on course to drill MOU-1 step-out well
Predator Oil & Gas Holdings plc is in final preparations to drill the MOU-1 step-out well, MOU-2, targeting 295 bcf net contingent resources at Guercif, Morocco. PROGRAMME The company said it was completing local permitting for the second of two alternative locations for the step-out well to the MOU-1 well which was completed for rigless […]
Predator receives £143,252 in warrant exercise
Predator Oil & Gas Holdings plc received £143,252.88 following a warrant exercise notice from Novum Securities Ltd. The warrant agreements date from May 2018 in connection with a placing in which Novum subscribed for 1,892,960 new shares at 2.8p per share and a February 2020 placing of 2,256,250 new shares at 4p per share. Predator has […]