Game changer is Trinidad5 Sep 2018 11:17
Once joined to Venezuela it is full of oil & gas.
Assembled an exciting portfolio of high impact oil and gas assets in the Republic of Trinidad and Ireland;
Potential for production and cash flow from Trinidad in the near to medium term;
Successful entry into offshore Ireland providing exposure to high potential, transformational gas acreage;
Potential for early monetisation in a success case offshore Ireland created by strategic focus on gas around offshore infrastructure prior to rising gas prices and concerns over security of gas supply; and
Fully funded for near to medium term operations.
Successful over-subscribed £1.3 million fundraising coinciding with Listing;
Cash at 30 June 2018: £1,325,967;
Sarah Cope, Non-Executive Chairman, commented:
"The past few months have been a busy and transformational period for Predator. We have successfully built a business with a material portfolio of assets. We are excited to have entered Trinidad, an emerging area for CO2 EOR operations, which is proven technology currently delivering significant production from mature fields in the USA. As we are moving into the next stage of growth, our CO2 EOR operations are fully funded thanks to the capital raised this year.