Predator Oil & Gas Holdings PLC MOU-1 Drilling (5634B)
June 11 2021 - 1:00AM
UK Regulatory
TIDMPRD
RNS Number : 5634B
Predator Oil & Gas Holdings PLC
11 June 2021
FOR IMMEDIATE RELEASE
11 June 2021
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")
MOU-1 drilling
Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil
and Gas Company with operations in Trinidad, Morocco and Ireland is
pleased to announce that the MOU-1 site construction and civil
works have been completed.
A further update on the mobilisation of the Star Valley Rig 101
to Guercif is expected next week.
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: +44 (0) 1534 834 600
Dr. Stephen Staley Non-executive Chairman Info@predatoroilandgas.com
Paul Griffiths Chief Executive Officer
Novum Securities Limited Tel: +44 (0) 207 399 9425
Jon Belliss
Optiva Securities Limited Tel: +44 (0) 203 137 1902
Christian Dennis
Flagstaff Strategic and Investor Communications Tel: +44 (0) 207 129 1474
Tim Thompson predator@flagstaffcomms.com
Mark Edwards
Fergus Mellon
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 and sequestrating
anthropogenic carbon dioxide 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
successful Pilot Enhanced Oil Recovery project using locally
sourced liquid carbon dioxide for injection into and storage within
the oil reservoirs ("C02 EOR"). Near-term expansion and production
growth potential is focussed on upscaling the C02 EOR operations in
the Inniss-Trinity oil field, subject to all necessary
approvals.
Predator is operator of the Guercif Petroleum Agreement onshore
Morocco which is prospective for Tertiary gas in prospects less
than 10 kilometres from the Maghreb gas pipeline. A drilling
programme, subject to the lifting of COVID-19 restrictions,
targeting material prospective gas resources is scheduled for Q2
2021.
In addition, Predator also 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 Kinsale gas field and Barryroe oil field in
the Celtic Sea.
The Company has a highly experienced management team with a
proven track record in the oil and gas industry.
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END
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