Last checked at 21 Jul 2022 11:24
21 July 2022
Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas
Predator Oil & Gas Holdings Plc
(the "Company")
Director / PDMR Shareholding
The Company announces that it was informed on 19 July 2022 of the sale by H2Green Power Ltd ("H2Green") of its shareholding of 1,785,700 ordinary shares in the Company at a price of 9p per share on the same date.
The sale of the holding was executed to remove any potential conflicts of interest between the two entities and to provide funding for the development of H2Green's business.
Paul Griffiths, the Executive Chairman of the Company is a director and significant shareholder of H2Green.
For more information please visit the Company's website at www.predatoroilandgas.com :
This announcement contains inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 on market abuse
Enquiries:
Predator Oil & Gas Holdings Plc Paul Griffiths Executive Chairman Lonny Baumgardner Managing Director | Tel: +44 (0) 1534 834 600 Info@predatoroilandgas.com |
Novum Securities Limited Jon Belliss
Optiva Securities Limited Christian Dennis
Peterhouse Capital Limited Charles Goodfellow | Tel: +44 (0) 207 399 9425
Tel: +44 (0) 203 137 1902
Tel: +44 (0) 207 220 9791 |
Flagstaff Strategic and Investor Communications Tim Thompson Mark Edwards Fergus Mellon | Tel: +44 (0) 207 129 1474 predator@flagstaffcomms.com |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | H2Green Power Limited | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Person closely associated with a person discharging managerial responsibilities (Paul Griffiths - Executive Chairman of the Issuer) | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Predator Oil & Gas Holdings Plc | ||||
b) | LEI | 213800L7QXFURBFLDS54 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument
| Ordinary shares of no par value | ||||
Identification code | ISIN for Predator Oil & Gas Plc Ordinary Shares: JE00BFZ1D698 | |||||
b) | Nature of the transaction | Disposal of Ordinary Shares by H2Green Power Limited | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: ·Aggregated volume ·Price |
Not applicable, single transaction | ||||
e) | Date of the transaction | 19 July 2022 | ||||
f) | Place of the transaction | London Stock Exchange (Standard List) | ||||
Notes to Editors:
Predator is operator of the Guercif Petroleum Agreement onshore Morocco which is prospective for Tertiary gas in prospects less than 10 kilometres from the Maghreb gas pipeline. The MOU-1 well has been completed and a follow-up testing programme is being developed and a further drilling programme is under review.
Predator is seeking to further develop the remaining oil reserves of Trinidad's mature onshore oil fields through the application of CO2 EOR techniques and by sequestrating anthropogenic carbon dioxide to produce "greener" oil.
In addition, Predator also owns and operates exploration and appraisal assets in licensing options offshore Ireland, for which successor authorisations have been applied for, adjoining Vermilion's Corrib gas field in the Slyne Basin on the Atlantic Margin and east of the decommissioned Kinsale gas field in the Celtic Sea.
Predator has developed a Floating Storage and Regasification Project ("FSRUP") for the import of LNG and its regassification for Ireland and is also developing gas storage concepts to address security of gas supply and volatility in gas prices during times of peak gas demand.
The Company has a highly experienced management team with a proven track record in operations in the oil and gas industry.