FOR IMMEDIATE RELEASE
11 September 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")
Moroccan earthquake
The Company is terribly sorry to have received the news Friday night and over the weekend regarding the earthquake in Morocco. Our thoughts are with all those affected by this shocking tragedy.
The Company's operations in northeast Morocco are not within the earthquake zone, however we recognise that this will be a very difficult and sad time for all of us who have worked in Morocco for many years and have a special connection to the country and its people.
Enquiries:
|
Predator Oil & Gas Holdings Plc Paul Griffiths Executive Chairman Lonny Baumgardner Managing Director |
Tel: +44 (0) 1534 834 600 |
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Fox-Davies Capital Jerry Keen Novum Securities Limited David Coffman / Jon Belliss |
Tel +44 (0)2038847447 Tel: +44 (0) 207 399 9400 |
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Flagstaff Strategic and Investor Communications Tim Thompson Mark Edwards Fergus Mellon |
Tel: +44 (0) 207 129 1474 |
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.