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Pin to quick picksPredator Oil Share News (PRD)

Share Price Information for Predator Oil (PRD)

London Stock Exchange
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Share Price: 9.50
Bid: 9.00
Ask: 10.00
Change: 0.25 (2.70%)
Spread: 1.00 (11.111%)
Open: 9.25
High: 9.50
Low: 9.25
Prev. Close: 9.25
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Predator Gets Environmental Clearance For Inniss-Trinity Oil Recovery

Thu, 04th Jul 2019 12:53

(Alliance News) - Predator Oil & Gas Holdings PLC on Thursday said carbon dioxide injection has been approved by Trinidad's Environmental Management Authority for the Inniss-Trinity field.

Shares in Predator were up 7.2% at 5.20 pence in mid day trading.

The authority issued the Certificate of Environmental Clearance covering the plan, which involves injecting locally-sources carbon dioxide in order to enhance oil recovery.

Following consultations with state-owned oil company Heritage Petroleum Co Ltd, Predator will then need to get consents, permits, and approvals from the Ministry of Energy & Energy Industries in order to begin carbon dioxide injection at the oil field's AT-4 block.

Predator is intending to focus on just the most productive sands so as to "potentially accelerate the rate of reservoir pressure build-up and reduce the volumes of [carbon dioxide] required to achieve initial oil production".

Looking ahead, the plan is to survey downhole at At-4 and AR-5X with a workover rig to check for obstructions.

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12 May 2022 20:39

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.

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