Issuance of Share Options

Predator Oil & Gas Holdings PLC

13 October 2023

 

FOR IMMEDIATE RELEASE

13 October 2023

Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas

  LEI 213800L7QXFURBFLDS54

Predator Oil & Gas Holdings Plc

("Predator" or the "Company" and together with its subsidiaries the "Group")

                Issuance of Share Options 

Predator, the Jersey-based Oil and Gas Company with operations in Trinidad, Morocco and Ireland, advises of the issuance of the following options over new Ordinary Shares:

Issuance of Options to Non-executive directors

The Board's Executive Directors have resolved to make the following award of unallocated share options the "Options") under the Company's existing option scheme

To:  Alistair Jury (Non-executive Director):

 Award of 3,000,000 Options

To:  Carl Kindinger

 Award of 3,000,000 Options

Options issued on 12 October 2023 to Alistair Jury and Carl Kindinger are exercisable at 12.5 pence per share. Fifty percent (50%) of the Options (1,500,000) will vest upon the release of an RNS in respect of the rigless testing results for the Guercif Licence and fifty percent upon the release of an RNS in respect of the completion of the acquisition of TRex Holdings Trinidad Limited and the Cory Moruga project.

Total Options and Warrants on issue

Following the issuances of the options announced herein, the total options and warrants outstanding in the Company are as follows:

	OPTIONS¹ 27 October 2020	WARRANTS²	OPTIONS³    31 January 2022	OPTIONS⁴      5 July 2022
Directors		Nil		2,000,000
Previous director	1,650,000	Nil	1,000,000	2,000,000
Advisers and directors of Group subsidiary companies	Nil	17,880,180	Nil	Nil

	OPTIONS⁵      9 November 2022	OPTIONS⁶	OPTIONS      27 March 2023	OPTIONS 12 October 2023
Directors	13.598,923	15,710,972	Nil	6,000,000
Previous director	Nil		Nil
Advisers and directors of Group subsidiary companies	Nil		3,000,000

(1)    27/10/20 options are exercisable at 5 pence per share

(2)    Warrants  include outstanding warrants issued to Company advisers at  

 1,020,000 at an exercise price of 10.5 pence per share

    600,000 at an exercise price of 15    pence per share

    690,000 at an exercise price of   9    pence per share

 1,800,000 at an exercise price of   5.5 pence per share

 1,099,765 at an exercise price of   8    pence per share

 2,181,810 at an exercise price of   6    pence per share

 1,780,412 at an exercise price of   5.7 pence per share

 1,080,000 at an exercise price of 10.5 pence per share

 2,863,636 at an exercise price of 11    pence per share

 5,454,546 at an exercise price of 11    pence per share

(3)   31/01/22 share options are exercisable at   5.66 pence per share.

(4)   05/07/22 share options are exercisable at   8.125 pence per share.

(5)   09/11/22 11,598,923 share options are exercisable at 10 pence per share

                         2,000,000 share options are exercisable at   7.75 pence per share

(6)  27/03/23  share options are exercisable at   8.125 pence per share

(7)   12/05/23  15,710,972 share options are exercisable at   8.0 pence per share

                        3,401,077 share options are exercisable at 10 pence per share

If all options and warrants were to become exercisable and then exercised in accordance with their terms, gross proceeds received by the Company would be £5,982,951.

Follow the Company on X @PredatorOilGas.

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 Paul Griffiths               Executive Chairman Lonny Baumgardner   Managing Director	Tel: [phone] [e-mail]
Fox-Davies Capital Jerry Keen Novum Securities Limited David Coffman / Jon Belliss	Tel [phone] [e-mail] Tel: [phone]
Flagstaff Strategic and Investor Communications Tim Thompson  Mark Edwards Fergus Mellon	Tel: [phone] [e-mail]

Notes to Editors:  

Predator is operator of the Guercif Petroleum Agreement onshore Morocco which is prospective for Tertiary gas less than 10 kilometres from the Maghreb gas pipeline.  The MOU-1 well drilled in 2021 and the MOU-3 well drilled in 2023 have been completed for rigless testing in 2023. Focus is on supplying compressed natural gas to the Moroccan industrial market. Further drilling activity is being progressed to evaluate Jurassic prospects.

Predator is seeking to apply CO2 EOR techniques onshore Trinidad which have the advantage of sequestrating anthropogenic carbon dioxide. Acquisition opportunities are also being progressed which are compatible with this strategy.

Predator 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 successfully executing operations in the oil and gas sector.

 

END