Predator Oil & Gas Holdings PLC - Jersey-based oil and gas company - Not involved in any discussions whatsoever with any party regarding a potential fundraising transaction by way of an equity placing. Fully funded for drilling operations in Morocco and ongoing operations in Trinidad. Scales back spending to prioritise operations that can be successfully carried out and completed by complying with the current Covid-19 restrictions. Notes movement in share price and two unofficial investment bulletin boards suggesting that there would be an imminent fundraising by the company by way of an equity placing.
Current share price: 3.71 pence
Year-to-date change: down 37%
By Tapan Panchal; tapanpanchal@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
Predator Oil (PRD)