All three predator projects will come to fruition16 Sep 2024 07:29
Will continue during Q4 2024 as information is gathered and analysed to potentially support the next stage of the CNG Project. The Company is fully funded for this activity and for all of its firm commitments over the next 12 months whilst also having a discretionary cash reserve to facilitate the planning and scheduling of the MOU-5 well on the giant Titanosaurus structure. This will now include provisions for assessing the potential for helium based on the helium present in a gas sample collected whilst drilling the MOU-3 well.
Paul Griffiths, Chief Executive Officer of Predator, commented:
"I am pleased to be taking on the role of CEO and look forward to welcoming an Independent Non-executive Chairman to the Board in the near time. I would like to thank Lonny for his years of service as Managing Director and we wish him well for the future. At the same time, work continues apace on the portfolio, with our activities fully funded."