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PRD Predator Oil & Gas Holdings Plc

9.00
0.50 (5.88%)
28 Mar 2024 - Closed
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
  0.50 5.88% 9.00 8.50 9.50 9.25 8.75 8.75 1,941,270 09:22:24
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 0 -2.56M -0.0045 -20.00 50.63M

Predator Oil & Gas Holdings PLC Directorate Change (0491G)

19/07/2019 8:00am

UK Regulatory


Predator Oil & Gas (LSE:PRD)
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TIDMPRD

RNS Number : 0491G

Predator Oil & Gas Holdings PLC

19 July 2019

FOR IMMEDIATE RELEASE

19 July 2019

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

Predator Oil & Gas Holdings Plc

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

BOARD CHANGES

Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company, today announces the following changes to the Board.

..........................................................................................................................

Sarah Cope has resigned as Non-Executive Director of the Company and Carl Kindinger has been appointed Non-Executive Director and interim Chairman with immediate effect.

Paul Griffiths, Chief Executive of Predator, commented:

"We greatly appreciate Sarah's contribution to the Company since our admission onto the Standard List. We welcome Carl to the Board as interim Chairman. Carl brings significant financial expertise to the position and effective oversight of the Company's finances going forward as we progress drilling in Morocco and develop production potential in Trinidad."

Enquiries:

 
 Predator Oil & Gas Holdings           Tel: +44 (0)1534 834600 
  plc 
  Paul Griffiths, Chief Executive 
  Officer 
  Carl Kindinger, Non-Executive 
  Chairman 
 Brandon Hill Capital                  Tel: +44 (0)20 3463 5000 
  Jonathan Evans / Oliver Stansfield 
 
 
  Follow us also on VOX Market 
    https://www.voxmarkets.co.uk/ 
 
    This announcement contains inside 
    information for the purposes 
    of Article 7 
    of the Regulation (EU) No 596/2014 
    on market abuse 
 

Notes to Editors:

Predator is an oil and gas exploration company with the objective of participating with FRAM Exploration Trinidad Ltd. in further developing the remaining oil reserves in the producing Inniss Trinity oil field onshore Trinidad, primarily through the application of C02 EOR technology. Potential for cash flow exists by executing a Pilot Enhanced Oil Recovery project using locally-sourced carbon dioxide for injection into the oil reservoirs ("C02 EOR"). Near-term expansion and growth potential is focussed on upscaling the C02 EOR operations in the Inniss-Trinity oil field and potential acquisitions of assets suitable for C02 EOR development, subject to all necessary approvals.

In addition, Predator also owns and operates exploration and appraisal assets in current licensing options offshore Ireland, for which Successor Authorisations have been applied for, adjoining Shell's Corrib gas field in the Slyne Basin on the Atlantic Margin and east of the Kinsale gas field and Barryroe oil field in the Celtic Sea. A Successor Authorisation has been granted for the Celtic Sea asset whilst the result of an application for a Frontier Exploration Licence over the Slyne Basin exploration asset is is pending.

Predator is operator of the Guercif Petroleum Agreement onshore Morocco which is initially prospective for Tertiary gas in prospects less than 10 kilometres from the Maghreb gas pipeline.

The Company has a highly experienced management team with a proven track record in the oil and gas industry.

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.

END

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(END) Dow Jones Newswires

July 19, 2019 03:00 ET (07:00 GMT)

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