RE: All three predator projects will come to fruition6 Jun 2024 08:02
Paul Griffiths, Executive Chairman of Predator, commented:
"We have made significant progress over the last few months developing our portfolio of projects.
Whilst we understand that there is an expectation for instant results and updates, we operate in a complex business sector within a framework of robust regulatory and environmental procedures established by governments. Our priority is to ensure that are attractive portfolio of assets is optimally developed within our financial capabilities, without taking on burdensome debt, and in accordance with all government regulations.
We are now at a critical stage in seeking to establish an uplift in the value of all of our assets and this must be achieved in a cautious manner to ensure maximum potential to monetise when the time is right and the de-risking of scalable value is complete.
The public markets rarely give value to medium and longer term business development plans, however systematically proving up oil and gas resources provides the mechanism for extracting value from other entities within the upstream and downstream natural resources sector, that understand the value of gas in particular to support the Energy Transition and the potential for commodity trading in what is still a very attractive global market for energy supply and security.
The management team has focus and a clear strategy for business development and will continue along that path until our assets reach a stage where near-term production start-up can be delivered as a catalyst for monetisation.
The Company's Titanosaurus project represents a good example of why our industry still attracts investors. The potential multiple returns on investment on successfully drilling and flowing gas from the Titanosaurus structure are difficult to match in any other industry. A favourable fiscal regime, proximity to infrastructure with significant under-utilised capacity, low development costs and a tangible contribution to the energy transition combine to enhance the immediate opportunity that Titanosaurus presents".
For further information visit www.predatoroilandgas.com
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