Director's dealings

RNS Number : 8949F

Predator Oil & Gas Holdings PLC

21 July 2021

 

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")

Director's dealings

Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company with operations in Trinidad, Morocco and Ireland, announces that Ron Pilbeam, Project Development Director, has sold a total of 5,085,794 ordinary shares in the Company ("Ordinary Shares").

Following these dealings, the details of which are set out below, Ron Pilbeam is interested in 2,500,000 Ordinary Shares, representing 0.936 per cent. of the Company's issued share capital.

Enquiries:

Predator Oil & Gas Holdings Plc Dr. Stephen Staley   Non-executive Chairman Paul Griffiths   Chief Executive Officer	Tel: [phone] [e-mail]
Novum Securities Limited Jon Belliss Optiva Securities Limited Christian Dennis	Tel: [phone] Tel: [phone]
Flagstaff Strategic and Investor Communications Tim Thompson  Mark Edwards Fergus Mellon	Tel: [phone] [e-mail]

Notes to Editors:

Predator is an oil and gas exploration company participating with FRAM Exploration Trinidad Ltd. in further developing the remaining oil reserves and sequestrating anthropogenic carbon dioxide in the producing Inniss Trinity oil field onshore Trinidad, primarily through the application of C02 EOR technology. Potential for cash flow exists by pursuing Enhanced Oil Recovery using locally sourced liquid carbon dioxide for injection into and storage within the oil reservoirs ("C02 EOR"). Near-term expansion and production growth potential is focussed on upscaling the C02 EOR operations in the Inniss-Trinity oil field, subject to all necessary approvals. 

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 safely and successfully completed and a follow-up drilling programme is under review.

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 Kinsale gas field and Barryroe oil field in the Celtic Sea.

The Company has a highly experienced management team with a proven track record in the oil and gas industry.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1.	Details of PDMR / person closely associated with them ('PCA')
a)	Name	Ron Pilbeam
2.	Details of PDMR / person closely associated with them ('PCA')
a)	Position / status	Project Development Director
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
c)	Description of the financial instrument	Ordinary shares of no par value each ISIN: JE00BFZ1D698
d)	Nature of the transaction	Sale of shares
e)	Price(s) and volume(s)	Price(s) Volume(s) 1. 0.0721 2.  £0.0667 3.  £0.0640 4.  £0.0630 849,980 1,465,561 1,395,253  1,375,000
f)	Aggregated information  Aggregated volume  Price	See above.
g)	Date of the transaction	1. 13th July 2021  2. 14th July 2021  3.  15th July 2021   4. 16th July 2021
h)	Place of the transaction	Standard List segment of the Official List

 

END

 

 

DSHMZGZNNGLGMZM