TIDMPRD
RNS Number : 9962P
Predator Oil & Gas Holdings PLC
13 October 2023
FOR IMMEDIATE RELEASE
13 October 2023
Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD /
Sector: Oil & Gas
LEI 213800L7QXFURBFLDS54
Predator Oil & Gas Holdings Plc
("Predator" or the "Company" and together with its subsidiaries
the "Group")
Issuance of Share Options
Predator, the Jersey-based Oil and Gas Company with operations
in Trinidad, Morocco and Ireland, advises of the issuance of the
following options over new Ordinary Shares:
Issuance of Options to Non-executive directors
The Board's Executive Directors have resolved to make the
following award of unallocated share options the "Options") under
the Company's existing option scheme
To: Alistair Jury (Non-executive Director):
Award of 3,000,000 Options
To: Carl Kindinger
Award of 3,000,000 Options
Options issued on 12 October 2023 to Alistair Jury and Carl
Kindinger are exercisable at 12.5 pence per share. Fifty percent
(50%) of the Options (1,500,000) will vest upon the release of an
RNS in respect of the rigless testing results for the Guercif
Licence and fifty percent upon the release of an RNS in respect of
the completion of the acquisition of TRex Holdings Trinidad Limited
and the Cory Moruga project.
Total Options and Warrants on issue
Following the issuances of the options announced herein, the
total options and warrants outstanding in the Company are as
follows:
OPTIONS(1) WARRANTS(2) OPTIONS(3) OPTIONS
27 October 31 January 5 July 2022
2020 2022
Directors Nil 2,000,000
---------------- ------------ ----------------- -----------------
Previous
director 1,650,000 Nil 1,000,000 2,000,000
---------------- ------------ ----------------- -----------------
Advisers Nil 17,880,180 Nil Nil
and directors
of Group
subsidiary
companies
OPTIONS OPTIONS OPTIONS OPTIONS
9 November 27 March 2023 12 October 2023
2022
Directors 13.598,923 15,710,972 Nil 6,000,000
-------------------- -------------- -------------------- ----------------
Previous Nil Nil
director
-------------------- -------------- -------------------- ----------------
Advisers
and directors
of Group
subsidiary
companies Nil 3,000,000
-------------------- -------------- -------------------- ----------------
(1) 27/10/20 options are exercisable at 5 pence per share
(2) Warrants include outstanding warrants issued to Company advisers at
1,020,000 at an exercise price of 10.5 pence per share
600,000 at an exercise price of 15 pence per share
690,000 at an exercise price of 9 pence per share
1,800,000 at an exercise price of 5.5 pence per share
1,099,765 at an exercise price of 8 pence per share
2,181,810 at an exercise price of 6 pence per share
1,780,412 at an exercise price of 5.7 pence per share
1,080,000 at an exercise price of 10.5 pence per share
2,863,636 at an exercise price of 11 pence per share
5,454,546 at an exercise price of 11 pence per share
(3) 31/01/22 share options are exercisable at 5.66 pence per share.
(4) 05/07/22 share options are exercisable at 8.125 pence per share.
(5) 09/11/22 11,598,923 share options are exercisable at 10 pence per share
2,000,000 share options are exercisable at 7.75 pence per share
(6) 27/03/23 share options are exercisable at 8.125 pence per share
(7) 12/05/23 15,710,972 share options are exercisable at 8.0 pence per share
3,401,077 share options are exercisable at 10 pence per
share
If all options and warrants were to become exercisable and then
exercised in accordance with their terms, gross proceeds received
by the Company would be GBP5,982,951.
Follow the Company on X @PredatorOilGas.
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 834 600
Paul Griffiths Executive Chairman Info@predatoroilandgas.com
Lonny Baumgardner Managing Director
Fox-Davies Capital Tel +44 (0)2038847447
Jerry Keen jerry@fox-davies.com
Novum Securities Limited Tel: +44 (0) 207 399 9400
David Coffman / Jon Belliss
Flagstaff Strategic and Investor Communications Tel: +44 (0) 207 129 1474
Tim Thompson predator@flagstaffcomms.com
Mark Edwards
Fergus Mellon
Notes to Editors:
Predator is operator of the Guercif Petroleum Agreement onshore
Morocco which is prospective for Tertiary gas less than 10
kilometres from the Maghreb gas pipeline. The MOU-1 well drilled in
2021 and the MOU-3 well drilled in 2023 have been completed for
rigless testing in 2023. Focus is on supplying compressed natural
gas to the Moroccan industrial market. Further drilling activity is
being progressed to evaluate Jurassic prospects.
Predator is seeking to apply CO2 EOR techniques onshore Trinidad
which have the advantage of sequestrating anthropogenic carbon
dioxide. Acquisition opportunities are also being progressed which
are compatible with this strategy.
Predator owns and operates exploration and appraisal assets in
licensing options offshore Ireland, for which successor
authorisations have been applied for, adjoining Vermilion's Corrib
gas field in the Slyne Basin on the Atlantic Margin and east of the
decommissioned Kinsale gas field in the Celtic Sea.
Predator has developed a Floating Storage and Regasification
Project ("FSRUP") for the import of LNG and its regassification for
Ireland and is also developing gas storage concepts to address
security of gas supply and volatility in gas prices during times of
peak gas demand.
The Company has a highly experienced management team with a
proven track record in successfully executing operations in the oil
and gas sector.
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END
MSCFFWFUEEDSESS
(END) Dow Jones Newswires
October 13, 2023 02:00 ET (06:00 GMT)
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