Appointment of Broker

RNS Number : 4534B

Predator Oil & Gas Holdings PLC

07 June 2019

 

Predator Oil & Gas Holdings Plc

("Predator" or the "Company")

Appointment of Broker

Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company, announces that it has appointed Brandon Hill Capital as the Company's broker with immediate effect.

Enquiries:

Predator Oil & Gas Holdings plc Paul Griffiths, Chief Executive Officer Sarah Cope, Non-Executive Chairman	Tel:  [phone]
Brandon Hill Capital Jonathan Evans / Oliver Stansfield	Tel:  [phone]
Novum Securities Jon Bellis	Tel:  [phone]

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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 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.

 

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