Predator Oil & Gas Holdings PLC has issued a total of 570,382,865 Ordinary Shares with voting rights. The company's focus is on the Guercif Petroleum Agreement in Morocco, where it is currently engaged in exploration and appraisal drilling for Tertiary and Jurassic gas. Predator is also working on supplying compressed natural gas to the Moroccan industrial market and has executed a Collaboration Agreement with Afriquia Gaz for potential CNG gas sales. The company anticipates further drilling activity in 2024 to evaluate the MOU-4 Jurassic prospect.
In the medium term, Predator aims to apply CO2 EOR techniques onshore Trinidad, with the recent acquisition of T-Rex Resources (Trinidad) Ltd. The Cory Moruga Production Licence, held by T-Rex, is a potentially significant asset for the company, capable of generating positive operating profits in the near-term. Predator also owns and operates exploration and appraisal assets in licensing options offshore Ireland, adjoining Vermilion's Corrib gas field in the Slyne Basin and east of the decommissioned Kinsale gas field in the Celtic Sea. The applications for successor authorisations for these assets remain "under consideration" by the DECC.
Additionally, Predator has developed a Floating Storage and Regasification Project ("FSRUP") for the import of LNG and its regassification for Ireland, as well as gas storage concepts to address security of gas supply and volatility in gas prices during peak gas demand. The progress for the Mag Mell FSRUP will depend on government policy in relation to energy supply security, with the government recognizing the FSRUP concept as an option for energy supply security.
For more information, shareholders can visit the company's website at www.predatoroilandgas.com or follow the company on X @PredatorOilGas. Enquiries can be directed to Predator Oil & Gas Holdings Plc or its appointed securities firms and financial PR.