Predator Oil & Gas Holdings PLC Conversion of Debt and Issue of Equity (7303Y)
13 Mayo 2019 - 5:00AM
UK Regulatory
TIDMPRD
RNS Number : 7303Y
Predator Oil & Gas Holdings PLC
13 May 2019
Predator Oil & Gas Holdings Plc
("Predator" or the "Company")
Issue of Equity
Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil
and Gas Company, has received notice from Arato Global
Opportunities Limited for the conversion of GBP100,000 of the Loan
Note, issued on 15 February 2019, and accordingly Predator has
today allotted and issued 1,441,664 New Ordinary Shares. The
Company has made application for the admission of 1,441,664 New
Ordinary Shares to listing on the Official List (standard listing
segment) of the UK Listing Authority and to trading on the London
Stock Exchange's main market for listed securities which is
expected to be effective on 16 May 2019.
The Company advises that, following the issue of such 1,441,663
New Ordinary Shares, the Company's issued share capital is
103,545,702 shares of no par value, each with one vote per share
(and no such shares are held in treasury). The total number of
voting rights is therefore 103,545,702.
This announcement contains inside information for the purposes
of Article 7 of the Regulation (EU) No 596/2014 on market abuse
Enquiries:
Predator Oil & Gas Holdings Tel: +44 (0) 1534 834 600
Plc
Paul Griffiths, Chief Executive
Officer
Sarah Cope, Non-Executive Chairman
Novum Securities Limited Tel: +44(0) 207 399 9425
Broker
Jon Belliss
Notes to Editors:
Follow us also on VOX Market
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Notes to Editors:
Predator is an oil and gas exploration company with the
objective of participating with FRAM Exploration Trinidad Ltd. in
further developing the remaining oil reserves in the producing
Inniss Trinity oil field onshore Trinidad, primarily through the
application of C02 EOR technology. Potential for cash flow exists
by executing a Pilot Enhanced Oil Recovery project using
locally-sourced carbon dioxide for injection into the oil
reservoirs ("C02 EOR"). Near-term expansion and growth potential is
focussed on upscaling the C02 EOR operations in the Inniss-Trinity
oil field and potential acquisitions of assets suitable for C02 EOR
development, subject to all necessary approvals.
In addition, Predator also owns and operates exploration and
appraisal assets in current licensing options offshore Ireland, for
which Successor Authorisations have been applied for, adjoining
Shell's Corrib gas field in the Slyne Basin on the Atlantic Margin
and east of the Kinsale gas field and Barryroe oil field in the
Celtic Sea.
Predator is operator of the Guercif Petroleum Agreement onshore
Morocco which is initially prospective for Tertiary gas in
prospects less than 10 kilometres from the Maghreb gas
pipeline.
The Company has a highly experienced management team with a
proven track record in the oil and gas industry.
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.
END
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May 13, 2019 06:00 ET (10:00 GMT)
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