Client NewsPredator Oil & Gas Holdings PLC: Trinidad Update – FRAM Loan
Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company with operations in Trinidad, Morocco and Ireland provides, arising from a series of positive meetings in Trinidad held with stakeholders during the period 31 May to 3 June 2022, the following update on the Company’s position with regard to the loan receivable (the “FRAM Loan”) from FRAM Exploration Trinidad Ltd. (“FRAM”), a wholly owned subsidiary of Challenger Energy Group Plc (“Challenger”), in respect of the Inniss-Trinity CO2 EOR Project (the “CO2 EOR Project”). The CO2 EOR Project was prematurely and unilaterally terminated by Challenger on 1 August 2021.
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