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