Last checked at 29 Jun 2020 13:04
FOR IMMEDIATE RELEASE
29 June 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")
Board Changes and Appointment of Strategic and Investor Communications Advisor
Following the Annual General Meeting of Predator Oil & Gas Holdings Plc (PRD), held earlier today, Carl Kindinger retired from the Board of the Company and Dr. Stephen Staley has been appointed Chairman.
The Company intends to appoint an additional non-executive director to the Board. The process of short-listing candidates, with the appropriate financial and governance experience necessary to independently oversee the Company's fast-developing, high impact business operations, has already begun.
The Company is pleased to announce the appointment of Flagstaff Strategic and Investor Communications as a communications advisor.
"The formation of Predator LNG Ireland Ltd. has significantly raised the Company's profile, which is focussed on production, gas and carbon dioxide sequestration. Realising the full potential value of our business operations will be effected by improved market communication and understanding of the underlying strategy that supports our exciting near-term growth potential in Trinidad, Morocco and in the context of specific, "fit-for-purpose" LNG projects using Floating Storage and Regassification vessels ".
This announcement contains inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 on market abuse
For more information please visit the Company's website at www.predatoroilandgas.com:
Enquiries:
Predator Oil & Gas Holdings Plc Dr. Stephen Staley Non-executive Chairman Paul Griffiths Chief Executive Officer | Tel: +44 (0) 1534 834 600 Info@predatoroilandgas.com
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Novum Securities Limited Jon Belliss
Optiva Securities Limited Christian Dennis | Tel: +44 (0) 207 399 9425
Tel: +44 (0) 203 137 1902 |
Flagstaff Strategic and Investor Communications Tim Thompson Mark Edwards Fergus Mellon | Tel: +44 (0) 207 129 1474 predator@flagstaffcomms.com
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Notes to Editors:
Predator is an oil and gas exploration company with the objective of participating with FRAM Exploration Trinidad Ltd. in further developing the remaining oil reserves in the producing Inniss Trinity oil field onshore Trinidad, primarily through the application of C02 EOR technology. Potential for cash flow exists by executing a Pilot Enhanced Oil Recovery project using locally sourced liquid carbon dioxide for injection into the oil reservoirs ("C02 EOR"). Near-term expansion and growth potential is focussed on upscaling the C02 EOR operations in the Inniss-Trinity oil field and potential acquisitions of assets suitable for C02 EOR development, subject to all necessary approvals.
In addition, Predator also owns and operates exploration and appraisal assets in current licensing options offshore Ireland, for which Successor Authorisations have been applied for, adjoining Shell's Corrib gas field in the Slyne Basin on the Atlantic Margin and east of the Kinsale gas field and Barryroe oil field in the Celtic Sea.
Predator is operator of the Guercif Petroleum Agreement onshore Morocco which is initially prospective for Tertiary gas in prospects less than 10 kilometres from the Maghreb gas pipeline.
The Company has a highly experienced management team with a proven track record in the oil and gas industry.