Predator Oil & Gas Holdings plc has issued 3,866,090 new ordinary shares, at 3.35 pence per share, to its chief executive officer Paul Griffiths to settle a portion of outstanding loans. Mr Griffiths is owed £323,785 from the capitalisation of his loans in May 2023, which is detailed as a current liability in the company’s […]
Tag: Guercif – Morocco gas
Predator raises £3m
Predator Oil & Gas Holdings plc has raised £3 million before expenses by conditionally placing 85,714,286 million new ordinary shares of no par value in the company, at 3.5 pence each. TRINIDAD-MOROCCO The company is also issuing six million warrants, exercisable at 3.5p each, with an expiry date three years from the date of admission. Following admission, Predator will have […]
Predator issues 3m share options to chairman
Predator Oil & Gas Holdings plc has issued three million share options to its recently appointed non-executive director and chairman Stephen Boldy. Issued on 1 October, the options are exercisable at 10.5 pence per share with one million immediately vesting. The remaining two million will vest after three months, or on first gas flow rate from the […]
Predator advances Morocco-Trinidad assets
Predator Oil & Gas Holdings plc has progressed its projects onshore Morocco and Trinidad. MOROCCO At Guercif, the company is extending Sandjet rigless testing on the MOU-3 well following data analysis by petroleum and chemical engineer Dr John Tinglass. Dr Tinglass worked on the company’s Inniss-Trinity CO2 EOR project in Trinidad, achieving enhanced oil production. […]
Predator changes board following review
Predator Oil & Gas Holdings plc has appointed its executive chairman Paul Griffiths as chief executive officer among other changes to board. Former chief operating officer Lonny Baumgardner leaves the board for personal reasons and the post of managing director is removed from the management structure. “The board wishes to thank Mr Baumgardner for his […]
Predator rigless testing shows damaged formation
Predator Oil & Gas Holdings plc reported damaged formation from phase I rigless testing on the Guercif licence, onshore Morocco. DRILLING MUDS Beginning on 10 February, the company perforated all four zones in wells MOU-1 and MOU-3 to complete on 19 February, with the crews and equipment now demobilised. Predator used conventional 111/16″ perforating guns, […]