Predator Oil Share News (PRD)

Predator Oil & Gas writes to Moroccan regulators of well testing plans

(Alliance News) - Predator Oil & Gas Holdings PLC on Tuesday said it has expressed its intention, in writing, to test the MOU-1 well in Morocco to the Office National Hydrocarbures et des Mines, in accordance with Moroccan regulatory procedures for rigless well testing.

Predator Oil & Gas receives exercise notice for 2.0 million warrants

(Alliance News) - Predator Oil & Gas Holdings PLC on Monday said it received an exercise notice from Optiva Securities Ltd for 2.0 million warrants.

TRADING UPDATES: Appreciate gets court date; Corcel completes sale

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

TRADING UPDATES: Predator buys majority in Cory Moruga; Thor tips gold

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

TRADING UPDATES: De La Rue defends chair; Resolute Mining fundraise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Predator signs rig contract to drill well in Morocco

Predator Oil & Gas Holdings PLC - operator of Guercif petroleum agreement onshore Morocco and developer of onshore fields in Trinidad - Signs rig contract with Canada-based Star Valley Drilling Ltd to use its Rig 101. Says Rig 101 has successfully drilled and completed for rigless testing the MOU-1 gas discovery well to drill the upcoming MOU-2 well in the Guercif licence onshore northern Morocco.

IN BRIEF: Predator Oil & Gas mulls legal process regarding FRAM loan

Predator Oil & Gas Holdings PLC - operator of Guercif petroleum agreement onshore Morocco and developer of onshore fields in Trinidad - On Monday, following a review of its interim and annual financial statements, says there was no reference to the FRAM loan in its annual statements. Says there is no explanation as to why the chief executive officer of FRAM Exploration Trinidad Ltd unilaterally terminated the Inniss-Trinity CO2 EOR pilot project with 24 hours' notice. Says correspondence gave undertakings regarding the project to progress. Adds its position remains unchanged regardings the FRAM loan, as it outlined on June 7. Determines that there is an option to resolve the issues but says that if this option cannot be progressed it will continue with the legal process.

IN BRIEF: Predator Oil & Gas records narrowed loss on lower costs

Predator Oil & Gas Holdings PLC - operator of Guercif petroleum agreement onshore Morocco and developer of onshore fields in Trinidad - Pretax loss in the first half of 2022 narrows to GBP599,789 from GBP758,128 a year before, as administrative expenses fall to GBP599,789 from GBP758,109. Generates no revenue in the period, unchanged from a year before. Intends to submit its Mag Mell FSRU project to the public consultation process, which will run until October 28. This follows several months of "intensive marketing" of the project.

UK shareholder meetings calendar - next 7 days

Predator Oil & Gas shares plunge on GBP3.3 million placing

(Alliance News) - Predator Oil & Gas Holdings PLC on Wednesday said it is rasing GBP3.3 million via a placing of 60.0 million shares at 5.5 pence each.

IN BRIEF: Predator Oil & Gas Executive Chair Griffiths trims interest

Predator Oil & Gas Holdings PLC - operator of Guercif petroleum agreement onshore Morocco and developer of onshore fields in Trinidad - H2Green Power Ltd sells 1.8 million shares, a 0.6% stake, at 9 pence, worth GBP160,713, on Tuesday. Predator Executive Chair Paul Griffiths is a director and significant shareholder of H2Green Power, and his interest in Predator is reduced to 14.6% from 15.4% as a result. H2Green sells its shareholding "to remove any potential conflicts of interest between the two entities and to provide funding for the development of H2Green's business", Predator says.

TRADING UPDATES: Capital backs outlook; Northcoders trades well

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

IN BRIEF: Predator Oil & Gas falls as Iniss-Trinity project terminated

Predator Oil & Gas Holdings PLC - Jersey-based operator active in Trinidad, Morocco and Ireland - Narrows its pretax loss in 2021 to GBP1.4 million from GBP1.6 million the previous year. Chair Paul Griffith says this was achieved despite a "significant" increase in operation activity and corporate strategic planning and execution.

Predator Oil & Gas starts litigation process against Challenger Energy

(Alliance News) - Predator Oil & Gas Holdings PLC on Tuesday said it has started a litigation process regarding the repayment of an outstanding loan it paid for a terminated project to a subsidiary of Challenger Energy Group PLC.

IN BRIEF: Predator Oil & Gas fully funded for activities in Morocco

Predator Oil & Gas Holdings PLC - operator in Trinidad, Morocco and Ireland - Says executing the Moroccan drilling programme simultaneously with the MOU-1 rigless testing remains at the "forefront" its business development plans. Rigless testing of MOU-1 will be aligned with the presence of in-country drilling services, materials and equipment mobilised from overseas for the start of the 2022 drilling programme. Further, MOU-4 and MOU-5 wells are seeking to prove up the currently defined best estimate gross contingent gas resources of 295 billion cubic feet, net attributable to Predator's 75% interest, which is based on a conservative 66% gas recovery over 13 years. Advisor SLR Consulting Ireland Ltd indicated a high estimate of 708 BCF net attributable to Predator's 75% interest based on a higher gas in place estimate for thicker reservoirs that are the targets for these wells, it explains. Company adds is fully-funded to meet all the above well planning and preparation activities in Morocco.