Predator Oil & Gas Holdings PLC Moroccan Earthquake (9368L)
September 11 2023 - 1:00AM
UK Regulatory
TIDMPRD
RNS Number : 9368L
Predator Oil & Gas Holdings PLC
11 September 2023
FOR IMMEDIATE RELEASE
11 September 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")
Moroccan earthquake
The Company is terribly sorry to have received the news Friday
night and over the weekend regarding the earthquake in Morocco. Our
thoughts are with all those affected by this shocking tragedy.
The Company's operations in northeast Morocco are not within the
earthquake zone, however we recognise that this will be a very
difficult and sad time for all of us who have worked in Morocco for
many years and have a special connection to the country and its
people.
Enquiries:
Predator Oil & Gas Holdings Plc Tel: +44 (0) 1534 834 600
Paul Griffiths Executive Chairman Info@predatoroilandgas.com
Lonny Baumgardner Managing Director
Fox-Davies Capital Tel +44 (0)2038847447
Jerry Keen jerry@fox-davies.com
Novum Securities Limited Tel: +44 (0) 207 399 9400
David Coffman / Jon Belliss
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 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.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCGZGMLLGMGFZM
(END) Dow Jones Newswires
September 11, 2023 02:00 ET (06:00 GMT)
Predator Oil & Gas (LSE:PRD)
Historical Stock Chart
From Nov 2024 to Dec 2024
Predator Oil & Gas (LSE:PRD)
Historical Stock Chart
From Dec 2023 to Dec 2024