Predator Oil & Gas Holdings PLC Issue of Equity (4798M)
12 Mayo 2020 - 1:00AM
UK Regulatory
TIDMPRD
RNS Number : 4798M
Predator Oil & Gas Holdings PLC
12 May 2020
FOR IMMEDIATE RELEASE
12 May 2020
Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD /
Sector: Oil & Gas
Predator Oil & Gas Holdings Plc
("Predator" or the "Company" and together with its subsidiaries
"the Group")
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 GBP99,500 of the Loan
Note, issued on 15 February 2019, and accordingly Predator has
today allotted and issued 5,217,462 new ordinary shares, inclusive
of the 5% conversion fee for the amount of the Loan Note being
converted. The Company has made application for the admission of
5,217,462 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 13 May 2020.
The Company advises that, following the issue of such 5,217,462
new ordinary shares, the Company's issued share capital is
212,531,749 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 212,531,749 . This figure of 212,531,749
may be used by shareholders in the Company as the denominator for
calculations to determine if they have a notifiable interest in the
share capital of the Company under the Disclosure Guidance and
Transparency Rules, or if such interest has changed.
This announcement contains inside information for the purposes
of Article 7 of the Regulation (EU) No 596/2014 on market abuse
For more information please visit the Company's website at
www.predatoroilandgas.com :
Enquiries:
Predator Oil & Gas Holdings Plc Tel: +44 (0) 1534
Carl Kindinger Chairman 834 600
Paul Griffiths Chief Executive Officer Info@predatoroilandgas.com
Novum Securities Limited Tel: +44 (0) 207
Jon Belliss 399 9425
Optiva Securities Limited
Christian Dennis Tel: +44 (0) 203
137 1902
Follow us also on VOX Market https://www.voxmarkets.co.uk/
Qualified Person's statement:
The information contained in this document has been reviewed and
approved by Mr. Paul Griffiths, Chief Executive Officer. Mr
Griffiths has a BSc in Geology from Imperial College London and is
an Associate of the Royal School of Mines. Mr. Griffiths has over
43 years of relevant experience in the upstream oil industry.
Notes to Editors:
Predator is operator of the Guercif Petroleum Agreement onshore
Morocco which is prospective for Tertiary gas in a prospect 4
kilometres from the Maghreb gas pipeline, and deeper Triassic gas.
A well location has been selected for drilling in Q2 2020 and a rig
option agreement has been exercised.
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 the 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.
In addition, Predator also operates exploration and appraisal
assets in 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. Ireland
however remains a very challenging regulatory environment for
business investment in the oil and gas sector and is not the
immediate focus of the Company's near-term operations.
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
IOESFISAFESSEDI
(END) Dow Jones Newswires
May 12, 2020 02:00 ET (06:00 GMT)
Predator Oil & Gas (LSE:PRD)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Predator Oil & Gas (LSE:PRD)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024