Business
Predator LNG Ireland Limited
Predator LNG Ireland Limited.
About this update from Predator Oil & Gas Holdings Plc
[{"type":"text","content":"\n \n \n RNS Number : 8912P\n Predator Oil & Gas Holdings PLC\n 15 June 2020\n \n \n \n \n \n \n \n FOR IMMEDIATE RELEASE\n \n \n 15 June 2020\n \n \n \n \n \n Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas\n \n \n Predator Oil & Gas Holdings Plc\n \n \n (\"Predator\" or the \"Company\" and together with its subsidiaries \"the Group\")\n \n \n \n \n \n Predator LNG Ireland Limited\n \n \n \n \n \n Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company with operations in Trinidad, Morocco, and Ireland, confirms the incorporation of its new subsidiary company Predator LNG Ireland Limited.\n \n \n SLR Environmental Consulting (Ireland) Limited has been appointed as regulatory, planning and environmental advisors to Predator LNG Ireland Limited to advance Predator's Floating Storage and Regasification Unit (\"FSRU\") solution for Ireland.\n \n \n Predator has executed a non-exclusive confidentiality agreement with one potential purchaser of gas to facilitate the exchange of information to develop scoping commercial terms for any future potential Gas Sales Contract. \n \n \n Predator noted the announcement on 28 May 2020 by Infrastrata plc in relation to their proposed FSRU Project, located in Barrow-in-Furness, northwest England.\n \n \n Comparative CAPEX costs are significantly less for the Predator FSRU solution due to the potential to utilise existing infrastructure which ties directly into the Irish gas transmission network. This eliminates the requirement for any new fixed infrastructure. \n \n \n Predator scoping technical capacity is not over-sized and is tailored to favour the strategic importance of securing premium prices for immediate access to indigenous local gas and energy supply during peak demand days when demand cannot be met by other sources of energy. \n \n \n Predator estimated project revenues are consistent with those quoted for the Barrow-in-Furness FSRU Project of £80 to £100 million. Predator scoping technical capacity is approximately 40% of that for the Barrow-in-Furness FSRU Project but generates high profit margins due to lower capital and operating costs resulting from the mature nature of the infrastructure that can be potentially utilised. This significantly reduces the lead time to a Financial I...