Client News

Predator Oil & Gas Holdings Plc: Operational highlights (MOU-1 drilling) and Placing to raise £1.5 million
Home / Client News / Predator Oil & Gas Holdings Plc: Operational highlights (MOU-1 drilling) and Placing to raise £1.5 million

Predator Oil & Gas Holdings Plc

Operational highlights (MOU-1 drilling)  and Placing to raise  £1.5 million

Operational highlights

•     MOU-1 estimated spud date between 15 – 27 June 2021

•     Drilling estimated to take 14 to 20 days

•     MOU-1 site construction and civil works nearly complete

•     Rig contract with Star Valley executed

•     Schlumberger Master Services Agreement executed

•     All well services and logistical support in place

•     Well costs in line with budget forecasts

•     Pre-drill geological expectations firmly remain as previously reported

•     CO2 EOR injection continuing as planned in Trinidad despite COVID restrictions

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 it has conditionally placed 10,000,000  new ordinary shares of no par value in the Company (the “Placing Shares”) at a placing price of 15 pence each (the “Placing Price”) to raise £1,500,000 before expenses (the “Placing”).

The Placing was significantly oversubscribed and utilises the Company’s existing headroom shares under the Financial Conduct Authority restrictions for companies on the Official List (standard listing segment) of the London Stock Exchange’s main market for listed securities.

https://www.londonstockexchange.com/news-article/PRD/operational-highlights-mou-1-and-placing/15005338

 

 

 

 

 

OPEN AN ACCOUNT

If you are interested in opening an account with Optiva Securities, please fill in the details on the apply button.

CLIENT AREA

Please ensure that the information you entered is accurate, and that your “Caps Lock” key is set correctly.

Share This