BOD ONTO YOU CHESH24 Aug 2020 17:21
Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company with operations in Trinidad, Morocco, and Ireland, notes the movement in the Company's share price and recent speculation on two unofficial investment bulletin boards suggesting that there would be an imminent fundraising by the Company by way of an equity placing.
The Company has not been involved in any discussions whatsoever with any party regarding a potential fund-raising transaction by way of an equity placing.
Further to its successful raise of £3.56 million in February this year, the Company is fully-funded for its drilling operations in Morocco and ongoing operations in Trinidad. Spending has been scaled back to prioritise only those operations that can be successfully carried out and completed by complying with the current COVID-19 restrictions. As previously stated the Company is ready to drill in Morocco as soon as it is safe to move personnel in and out of the country.
Investors are reminded that the Company, as a listed entity on the London Stock Exchange, will always provide direct and prompt communication by way of official communication methods, in accordance with the London Stock Exchange's Admissions and Disclosure Standards.
Investors are also reminded that they should disregard any statements on social media that purport to have any inside information or insights. Further, investors are requested to report to the Company any instances of the same.