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Predator Oil & Gas Holdings Plc: Report and Interim Financial Statements for the 6 months to 30 June 2021
Home / Client News / Predator Oil & Gas Holdings Plc: Report and Interim Financial Statements for the 6 months to 30 June 2021

Financial highlights: 

·           Loss from operations for the 6 months period is £929,089 (2020: full year Loss of £1,689,521).

·           Cash balance, at period end of £2,258,567 (2020 year end: £1,325,751).

·           A further £1,083,298 (US$1,500,000) held as restricted cash and £487,477 by way of a loan to FRAM Exploration Trinidad Ltd. for the investment in the Pilot CO2 EOR Project.

·           Fully-funded for Morocco drilling programme and Pilot CO2 EOR Trinidad.

·           £3,285,000 (before expenses) raised through two over-subscribed Placings.

·           1,020,000 warrants issued exercisable at £0.105 before 12 March 2025.

·           600,000 warrants issued exercisable at £0.157 before 18 June 2025.

·           No debt

https://www.londonstockexchange.com/news-article/PRD/interim-financials-for-6-months-to-30-june-2021/15190084

 

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