Launch of Mag Mell White Paper

RNS Number : 6790M

Predator Oil & Gas Holdings PLC

25 May 2022

 

FOR IMMEDIATE RELEASE

25 May 2022

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")

     Launch of Mag Mell Floating Storage and Regasification Unit ("FSRU") white paper

Kinsale Gas Field infrastructure must be retained to support Ireland's energy supply

Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company with operations in Trinidad, Morocco and Ireland is pleased to announce that Mag Mell Energy Ireland Ltd. will be publishing in Ireland a white paper document today at 10.00am titled "Keeping Ireland's Energy Flowing" which focusses on how Ireland can repurpose existing infrastructure at the Kinsale Head Gas Field to help insulate itself from the rising gas prices and ensure security of energy supply during the transition to renewables.

The Mag Mell white paper and Press Release on the reuse of Kinsale infrastructure for LNG can be downloaded after 10.00am from the Company's website in the MEDIA section "Recent News" at:

https://www.predatoroilandgas.com/

The Mag Mell Project can also be followed on the Company's social media platforms:

  https://www.linkedin.com/company/mag-mell-ireland/posts/?feedView=all

TWITTER @magmell353

Paul Griffiths, Executive Chairman of Predator Oil & Gas Holdings Plc commented :

" Shareholders are encouraged to download the Mag Mell white paper which gives a clear and concise explanation and analysis of the potential for an FSRU solution to Ireland's security of energy supply ".

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]
Novum Securities Limited Jon Belliss Optiva Securities Limited Christian Dennis Peterhouse Capital Limited Charles Goodfellow	Tel: [phone] Tel: [phone] 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 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.

 

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