LONDON (Alliance News) - Predator Oil & Gas Holdings PLC said Tuesday it is well funded for the medium term as it looks to develop its various assets.
Predator's pretax loss for the six months to June was GBP153,979, with there being no comparable figure. It produced no revenue, as it has no assets currently in production.
In May, the company raised GBP1.3 million in a share placing, listing in London that same month.
In late July, Predator said it would be focusing on carbon dioxide injection in lieu of drilling work in Trinidad on the Iniss-Trinity oil field, and this will be Predator's focus going forward.
The company also has the 16/26 Corrib South gas prospect offshore Ireland, and it has made a frontier exploration licence application for the site.
Shares were 0.4% lower on Tuesday at 3.71 pence each.
Predator Oil (PRD)