Business
Financial Statements Year ended 31 December 2021
Financial Statements Year ended 31 December 2021.
About this update from Predator Oil & Gas Holdings Plc
[{"type":"text","content":"\n \n \n \n FOR IMMEDIATE RELEASE\n \n \n \n 29 June 2022\n \n \n \n \n \n Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas\n \n \n \n LEI 213800L7QXFURBFLDS54\n \n \n \n Predator Oil & Gas Holdings Plc\n \n \n \n \n (\"Predator\" or the \"Company\" and together with its subsidiaries \"the Group\")\n \n \n \n \n \n \n \n \n \n Financial Statements for the Year Ended 31 December 2021\n \n \n \n Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company with operations in Trinidad, Morocco and Ireland is pleased to announce its audited financial statements for the year ended 31 December 2021, extracts of which are set out below.\n \n \n The Company's Annual Report is available to shareholders to download from the Company's website at\n \n \n www.predatoroilandgas.com\n \n \n .\n \n In line with ESG best practice no hard copies of the Annual Report will be printed.\n \n \n \n \n \n In addition, a copy of the 2021 Annual Report will be uploaded to the National Storage Mechanism and will be available for viewing at\n https://data.fca.org.uk/#/nsm/nationalstoragemechanism\n .\n \n \n \n \n \n The financial information set out below does not constitute the Company's statutory accounts for the year ending 31 December 2021.\n \n \n \n \n \n \n Highlights of Financial Results for 2021\n \n \n \n \n \n \n ·\n Reduced loss from operations of £1,398,821 (2020: Re-stated loss of £1,589,070).\n \n \n \n \n \n ·\n Reduced administrative expenses of £1,398,802 (2020: Re-stated £1,363,711)\n \n \n \n \n \n ·\n Increased cash balance at period end of 2021 £1,523,035 (2020: £1,325,751).\n \n \n \n \n \n ·\n Additional, restricted cash of USD1,500,000 (USD1,500,000 for the period ended 31 December 2020).\n \n \n \n \n \n ·\n Placed 53,000,000 new ordinary shares of no par value in the Company to raise £4,585,000 (before expenses).\n \n \n \n \n \n ·\n Issued warrants to brokers to subscribe for\n 1,020,000 new shares exercisable at £0.105 before 12 March 2025 and 600,000 new shares exercisable at £0.150 before 18 June 2025\n \n \n \n \n \n ·\n Debt-free and fully-funded for current commitments\n \n \n \n \n \n \n Highlights of key Operational Activities in 2021\n \n \n ...