Member Info for Hartlepoolbob

Today, Guyana is one of South America's poorest countries, with an average per capita annual income of around US$4,000. But within the decade, it could be among the richest. In 2015, ExxonMobil and its international partners discovered vast oil reserves off the Caribbean coast of this small country.1 Nov 2017

Jim...

Much appreciated chesh

https://youtu.be/K5wMQ2rCrHs
Click on it purvy

Cracking video update and a must watch for all stakeholders

Asian discussions are ongoing. He seemed very relaxed but focused, refreshingly open and honest and stated clearly that our products can play a significant role in helping with covid 19...
Thats my brief understanding .
Good enough for me

Added a few : )))

I'm very comfortable here.

Covid and nfx... in the same bed... I'm sitting tight for the outcome of the confidential discussions

Blooming heck we look as strong as an bull in its prime... what a leader we have

I agree, would some details in a podcast later this morning??

Game on then Chancer mate

An excellent update, exactly as we were expecting given the massive world disruption. but with that huge covid potential for nfx.
Imho

Thats massive imho

Dr Chris Blackwell, Executive Chairman, said:

"It is a great honour to serve the Group and its shareholders as Executive Chairman. This last year has been one of challenge, change, progress and opportunity for Nuformix. Our focus over the year has been towards the treatment of patients with fibrosis. There has been an increasing need for effective products in this area for many years; with the advent of COVID-19, we only see this need increasing, and on a global basis.

  Share PricesPredator Oil Share PricePredator Oil Regulatory NewsOffer to Acquire FRAM Exploration (Trinidad) Ltd.Predator Oil Regulatory News (PRD)PRD Share
PricePRD Share
NewsPRD Share
Chat1PRD Share
TradesPRD
Live RNS1

PRD Information 

 Buy PRD SharesAdd PRD to WatchlistAdd PRD to AlertAdd PRD to myTerminal 

Share Price Information for Predator Oil (PRD)

 Share Price is delayed by 15 minutes

Get Live Data

Share Price:3.68

Bid:3.40

Ask:3.60

Change:0.00 (0.00%) 

Spread: 0.20 (5.88%)

Open: 3.50

High: 3.68

Low: 3.68

Yest. Close: 3.50

Last checked at 07:15:49

Offer to Acquire FRAM Exploration (Trinidad) Ltd.

Wed, 22nd Jul 2020 07:00

RNS Number : 6857T

Predator Oil & Gas Holdings PLC

22 July 2020

 

 

FOR IMMEDIATE RELEASE

 22 July 2020

 

Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas

Predator Oil & Gas Holdings Plc

("Predator" or the "Company" and together with its subsidiaries "the Group")

 

       Offer to Acquire FRAM Exploration (Trinidad) Ltd.

                             Subject to Contract

 

Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company with operations focused on developing carbon-neutral businesses in Trinidad, Morocco, and Ireland, announces that pursuant to the Well Participation Agreement ("WPA") dated 17 November 2017 as amended by Supplemental Agreement No.1 dated 31 May 2018, Supplemental Agreement No.2 dated 21 January 2019 and Supplemental Agreement No.3 dated 26 September 2019 between FRAM Exploration (Trinidad) Ltd ("FRAM") and Predator Oil & Gas Trinidad Ltd ("POGT"), POGT  served written notice on 14 July 2020 of its intent to  exercise its option under Recital B of the WPA to make an offer (the "Offer") to enter into a Share Purchase Agreement to acquire the entire outstanding issued share capital of FRAM assuming zero net debt at the time of Completion, and Subject to Contract, technical, legal and commercial due diligence.

Conditions Precedent, Cash Consideration and Terms and Conditions were commercially sensitive at the time but can now be summarised below

Conditions Precedent

1.   The receipt of written consent prior to Completion from the Ministry of Energy and Energy Industries ("MEEI") and Heritage Petroleum Company Ltd. ("Heritage") for the proposed Change of Control of FRAM.

2.   The receipt prior to Completion from FRAM of a mutually agreed Working Capital Statement.

3.   Columbus Energy Resources Plc ("Columbus"), FRAM's parent company, to provide a written, legally binding, warranty to POGT prior to Completion that there are no outstanding claims against Columbus of whatsoever nature as a consequence of which a lien on the assets of FRAM might arise.

Cash Consideration

The Offer comprised a cash consideration of one million seven hundred and fifty thousand United States Dollars (US$ 1,750,000) exclusive of VAT, where applicable.

seems to have new products at a time of need for those with lung damage... imho
Dyor

Top up

Lol, easy tigers

Easy Tigers