Predator Oil & Gas Holdings plc has appointed Geoffrey Leid as a director of its subsidiary T-Rex Resources (Trinidad) Ltd. The company has also awarded Mr Leid three million unallocated share options on his appointment. The options, issued on 18 April 2024, are exercisable at 12.5 pence per share. One million share options vest immediately and the […]
Tag: Predator Oil & Gas Holdings plc
Predator prioritises revaluation of assets
Predator Oil & Gas Holdings plc said its main priority in 2024 would be to re-set the valuation of its gas assets “through means other than the intra-day share price”. PRUDENT Executive chairman Paul Griffiths added that the company would focus on “entities that understood the true value of natural resources in [the] oil and […]
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, […]
Predator to evaluate Jurassic structural closure
Predator Oil & Gas Holdings plc has extended its rig contract for drilling the MOU-5 well to evaluate the 177km² Jurassic structural closure at Guercif onshore Morocco. COSTS The Jurassic structural closure in a crestal location was penetrated in MOU-4 in 2023. Drilling will target a “potentially thick development of porous and permeable, early Jurassic […]
Predator awards 2.7m bonus shares to chairman and COO
Predator Oil & Gas (Holdings) plc issued 2,659, 574 shares under the executive directors bonus scheme in recognition of the drilling programme and results onshore Morocco. Executive chairman Paul Griffiths and chief operating officer Lonny Baumgardner each received 1,329,787 1,329,787 shares. The amount, comprising 50% of the executive directors’ overall bonus related to the drilling […]
Predator signs MoU for Guercif gas sales
Predator Oil & Gas Holdings plc has signed a memorandum of understanding for sales of up to potentially 50 million cubic feet of gas per day from its Guercif licence onshore Morocco. FOUNDATION The exclusive one-year MoU, beginning 27 November, with Afriquia Gaz S.A. involves discussing the terms of a legally binding gas sales agreement […]