Predator Oil & Gas Holdings PLC Issuance of Share Options (9962P)

TIDMPRD

RNS Number : 9962P

Predator Oil & Gas Holdings PLC

13 October 2023

FOR IMMEDIATE RELEASE

13 October 2023

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")

Issuance of Share Options

Predator, the Jersey-based Oil and Gas Company with operations in Trinidad, Morocco and Ireland, advises of the issuance of the following options over new Ordinary Shares:

Issuance of Options to Non-executive directors

The Board's Executive Directors have resolved to make the following award of unallocated share options the "Options") under the Company's existing option scheme

To: Alistair Jury (Non-executive Director):

Award of 3,000,000 Options

To: Carl Kindinger

Award of 3,000,000 Options

Options issued on 12 October 2023 to Alistair Jury and Carl Kindinger are exercisable at 12.5 pence per share. Fifty percent (50%) of the Options (1,500,000) will vest upon the release of an RNS in respect of the rigless testing results for the Guercif Licence and fifty percent upon the release of an RNS in respect of the completion of the acquisition of TRex Holdings Trinidad Limited and the Cory Moruga project.

Total Options and Warrants on issue

Following the issuances of the options announced herein, the total options and warrants outstanding in the Company are as follows:

 
                        OPTIONS(1)   WARRANTS(2)        OPTIONS(3)        OPTIONS 
                        27 October                       31 January        5 July 2022 
                         2020                            2022 
 Directors                                 Nil                          2,000,000 
                  ----------------  ------------  -----------------  ----------------- 
 Previous 
  director             1,650,000           Nil         1,000,000        2,000,000 
                  ----------------  ------------  -----------------  ----------------- 
 Advisers                    Nil      17,880,180          Nil               Nil 
  and directors 
  of Group 
  subsidiary 
  companies 
 
 
 
                           OPTIONS          OPTIONS           OPTIONS         OPTIONS 
                            9 November                         27 March 2023   12 October 2023 
                            2022 
 Directors                13.598,923        15,710,972             Nil        6,000,000 
                  --------------------  --------------  --------------------  ---------------- 
 Previous                     Nil                                  Nil 
  director 
                  --------------------  --------------  --------------------  ---------------- 
 Advisers 
  and directors 
  of Group 
  subsidiary 
  companies                   Nil                               3,000,000 
                  --------------------  --------------  --------------------  ---------------- 
 
   (1)    27/10/20 options are exercisable at 5 pence per share 
   (2)    Warrants  include outstanding warrants issued to Company advisers at 

1,020,000 at an exercise price of 10.5 pence per share

       600,000 at an exercise price of 15    pence per share 
       690,000 at an exercise price of   9    pence per share 
    1,800,000 at an exercise price of   5.5 pence per share 
    1,099,765 at an exercise price of   8    pence per share 
    2,181,810 at an exercise price of   6    pence per share 
    1,780,412 at an exercise price of   5.7 pence per share 

1,080,000 at an exercise price of 10.5 pence per share

    2,863,636 at an exercise price of 11    pence per share 
    5,454,546 at an exercise price of 11    pence per share 
   (3)   31/01/22 share options are exercisable at   5.66 pence per share. 
   (4)   05/07/22 share options are exercisable at   8.125 pence per share. 
   (5)   09/11/22 11,598,923 share options are exercisable at 10 pence per share 
                            2,000,000 share options are exercisable at   7.75 pence per share 
   (6)  27/03/23  share options are exercisable at   8.125 pence per share 
   (7)   12/05/23  15,710,972 share options are exercisable at   8.0 pence per share 

3,401,077 share options are exercisable at 10 pence per share

If all options and warrants were to become exercisable and then exercised in accordance with their terms, gross proceeds received by the Company would be GBP5,982,951.

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                   Tel: [phone] 
  Paul Griffiths Executive Chairman                 [e-mail] 
  Lonny Baumgardner Managing Director 
 
 
   Fox-Davies Capital                                Tel [phone] 
   Jerry Keen                                        [e-mail] 
 
 
   Novum Securities Limited                          Tel: [phone] 
   David Coffman / Jon Belliss 
 
 Flagstaff Strategic and Investor Communications   Tel: [phone] 
  Tim Thompson                                      [e-mail] 
  Mark Edwards 
  Fergus Mellon 
 

Notes to Editors:

Predator is operator of the Guercif Petroleum Agreement onshore Morocco which is prospective for Tertiary gas less than 10 kilometres from the Maghreb gas pipeline. The MOU-1 well drilled in 2021 and the MOU-3 well drilled in 2023 have been completed for rigless testing in 2023. Focus is on supplying compressed natural gas to the Moroccan industrial market. Further drilling activity is being progressed to evaluate Jurassic prospects.

Predator is seeking to apply CO2 EOR techniques onshore Trinidad which have the advantage of sequestrating anthropogenic carbon dioxide. Acquisition opportunities are also being progressed which are compatible with this strategy.

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.

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.

The Company has a highly experienced management team with a proven track record in successfully executing operations in the oil and gas sector.

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October 13, 2023 02:00 ET (06:00 GMT)