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PRD Predator Oil & Gas Holdings Plc

8.75
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Predator Oil & Gas Holdings Plc LSE:PRD London Ordinary Share JE00BFZ1D698 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 8.75 8.50 9.00 8.75 8.75 8.75 275,166 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 0 -2.56M -0.0045 -19.44 49.22M

Predator Oil & Gas Holdings PLC Corporate Presentation Update

14/03/2024 7:00am

RNS Regulatory News


RNS Number : 7811G
Predator Oil & Gas Holdings PLC
14 March 2024
 

FOR IMMEDIATE RELEASE

14 March 2024

 

               Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas

                                             LEI 213800L7QXFURBFLDS54

Predator Oil & Gas Holdings Plc

("Predator" or the "Company" and together with its subsidiaries the "Group")

 

 

Corporate Presentation Update

 

Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas Company with near-term hydrocarbon operations focussed on Morocco and Trinidad, is pleased to announce that the Corporate Presentation Update that Paul Griffiths, the Company's Executive Chairman, will be presenting at the Proactive One2One Forum on Thursday 14 March 2024 at 6pm (UK local time), is now available on the Company's website at www.predatoroilandgas.com

 

The presentation will be held at The Chesterfield  Mayfair in the Royal Suite, 35 Charles Street London W1J 5EB.

 

To confirm attendance please find the registration link below :

 

 

 https://www.proactiveinvestors.co.uk/register/event_details/440

           

 

For further information visit www.predatoroilandgas.com

 

Follow the Company on X @PredatorOilGas.

 

This announcement contains inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 on market abuse

 

For more information please visit the Company's website at www.predatoroilandgas.com

 

Enquiries:

Predator Oil & Gas Holdings Plc

Paul Griffiths                Executive Chairman

Lonny Baumgardner    Managing Director

Tel: +44 (0) 1534 834 600

Info@predatoroilandgas.com



 

Novum Securities Limited

David Coffman / Jon Belliss

 

Oak Securities

Jerry Keen                                                                                                                                                

 

Fox Davies Capital

Daniel Fox-Davies/James Hehn

 

 

Tel: +44 (0)207 399 9425

 

 

Tel: +44 (0)203 973 3678

Jerry.keen@oak-securities.com

 

Tel: +44 (0)203 884 9388

 



Flagstaff Strategic and Investor Communications

Tim Thompson 

Mark Edwards

Fergus Mellon

 

Tel: +44 (0)207 129 1474

 predator@flagstaffcomms.com

 

Notes to Editors:  

 

Predator is operator of the Guercif Petroleum Agreement onshore Morocco which is prospective for Tertiary and Jurassic gas.  The current focus of the exploration and appraisal drilling programme is located less than 10 kilometres from the Maghreb gas pipeline.  The MOU-1 well drilled in 2021 and the MOU-3 and MOU-4 wells drilled in 2023 have been completed for rigless testing in early 2024. Near-term focus is on supplying compressed natural gas ("CNG") to the Moroccan industrial market. A Collaboration Agreement for potential CNG gas sales of up to 50 mm cfgpd has been executed with Afriquia Gaz. Further drilling activity is anticipated in 2024 to further evaluate the MOU-4 Jurassic prospect.

 

Predator is seeking in the medium term to apply CO2 EOR techniques onshore Trinidad which have the advantage of sequestrating anthropogenic carbon dioxide. The acquisition of T-Rex Resources (Trinidad) Ltd. ("T-Rex") is a first step to realising this objective. T-Rex holds the Cory Moruga Production Licence. Cory Moruga is a largely undeveloped near-virgin oil field of similar potential size to the nearby Moruga West and Inniss-Trinity mature oil fields. The Cory Moruga Production Licence is a potentially significant asset for the Company with the capability of generating positive operating profits in the near-term. Capital required for staged field development can be implemented potentially utilising operating profits generated from an increasing level of gross production revenues.

 

Predator owns and operates exploration and appraisal assets in licensing options offshore Ireland, for which successor authorisations have been applied for, adjoining Vermilion's Corrib gas field in the Slyne Basin on the Atlantic Margin and east of the decommissioned Kinsale gas field in the Celtic Sea. The applications for successor authorisations remain "under consideration" by the DECC.

 

Predator has developed a Floating Storage and Regasification Project ("FSRUP") for the import of LNG and its regassification for Ireland and is also developing gas storage concepts to address security of gas supply and volatility in gas prices during times of peak gas demand.

Further progress for the Mag Mell FSRUP will be dependent on government policy in relation to security of energy supply. A generalised FSRUP concept has now been recognised by the government as an option for security of energy supply.

 

The Company has a small but highly experienced management team with a proven track record in successfully executing drilling operations in the oil and gas sector and in acquiring assets where there is a potential to generate multiple returns for relatively low and manageable levels of investment.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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