(Alliance News) - The following is a round-up of trading updates for London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Predator Oil & Gas Holdings PLC - Jersey-based oil and gas company focussed on Morocco, Trinidad, and Ireland - Says it expects to begin its rigless testing programmes onshore Morocco on or around Monday next week. The testing programme is forecast to last for up to 14 days. Also provides update on its Guercif block following an independent technical report by Scorpion Geoscience Ltd. Says the report gives unrisked P50 and P10 contingent recoverable gas resources of 109.28 and 234.42 billion cubic feet respectively net to Predator. Notes P50 and P10 Prospective recoverable gas resources of 139.67 and 312.16 billion cubic feet respectively net to Predator. Says the report for scoping potential compressed natural gas development gives undiscounted positive cash flow of USD207.5 million net PRD's economic interest with an internal rate of return of 138%. Also says it is fully funded for all 2024 firm commitments. Read More
(Alliance News) - Predator Oil & Gas Holdings PLC on Friday said it was fully funded for all 2024 firm commitments. Read More
<p>(Alliance News) - Predator Oil & Gas Holdings PLC on Thursday said it is remobilising its testing team as it expects to receive a joint ministerial order allowing an extension of its exploration licence, following "unforeseen" issues. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Predator Oil & Gas Holdings PLC on Thursday said that it has opened exploratory discussions with a group focussed on the downstream energy business to potentially sell its share of gas produced at Guercif's well-head. Read More
Predator Oil & Gas Holdings PLC - Jersey-based oil and gas company with near-term gas operations focussed on Morocco - Reports pretax loss of GBP2.4 million in the six months to June 30, widened from GBP599,789 the year before. Administrative expenses increased nearly fourfold to GBP2.3 million from GBP599,879. Basic loss per share totalled GBP0.592 compared to GBP0.219. Says cash balance at period end was GBP1.0 million compared to GBP3.3 million before. The outlook for the remainder of 2023 will see the rigless testing programme in Morocco initiated and completed and, subject to results, the CNG development plan being progressed targeting "First Gas" in 2024, company adds. Read More
Predator Oil & Gas Holdings PLC - Jersey-based oil and gas company with near-term gas operations focussed on Morocco - Confirms its operations in north-east Morocco are not within the zone affected by the recent earthquake. Expresses sympathy for those affected, noting it has worked in Morocco for "many years". Predator operates the Guercif petroleum agreement onshore Morocco, which is prospective for tertiary gas less than 10 kilometres from the Maghreb gas pipeline. Read More
(Alliance News) - Predator Oil & Gas Holdings PLC on Wednesday provided an update to its recent operations, including a rigless testing programme in Morocco, and the sale of the Cory Moruga asset in Trinidad. Read More
Predator Oil & Gas Holdings PLC - Jersey-based oil and gas company with near-term gas operations focussed on Morocco - Raises GBP10 million through placing of 90.9 million new shares priced at 11 pence each. On Monday, Predator had announced plans to raise GBP7 million. Says net proceeds will be used for completion of an extended rigless testing programme for MOU-1, MOU-3 and MOU-4, commencement of CNG development studies and tendering for long lead items, residual MOU-4 well costs and general working capital. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Predator Oil & Gas Holdings PLC - Jersey-based oil and gas company with near-term gas operations focussed on Morocco - Says 64 metres of gas has been interpreted by the National University of Technology's wireline log analysis at the MOU-4 well. Says it is likely that there is a gas reservoir at the top of the Jurassic carbonate target. Read More
(Correcting title to clarify that no well testing has been completed yet). Read More
(Alliance News) - Predator Oil & Gas Holdings PLC on Tuesday said that it has successfully completed drilling and logging operations for the MOU-4 well, onshore Morocco. Read More
(Alliance News) - Stocks in London were largely higher on Tuesday, though the FTSE 100 slipped into the red amid weakness, while US markets were shut for the independence day holiday. Read More
Predator Oil & Gas Holdings PLC - oil and gas operations in Morocco, Trinidad and Ireland - Says it commenced drilling at the MOU-4 well on Thursday last week at the start of the Eid holiday in Morocco. On Tuesday last week, Predator said it successfully completed drilling and logging operations for the MOU-3 well appraising Moulouya Fan primary reservoir target. Read More
Predator Oil & Gas Holdings PLC - oil and gas operations in Morocco, Trinidad and Ireland - Executive Chair Paul Griffiths sells 17.5 million shares and Managing Director Lonny Baumgardner sells 500,000, and they loan the proceeds to the company. The shares are placed by Novum Securities Ltd at 10.5 pence each, raising a total of GBP1.9 million gross. Predator explains the transaction is arranged, because it doesn't have sufficient headroom to issue new shares without producing a UK Financial Conduct Authority-approved prospectus. The loans will carry a 4% interest rate and will be repaid in shares once Predator is able to do so. The money will be used to progress the drilling of the MOU-4 well in Morocco. Read More
(Alliance News) - Predator Oil & Gas Holdings PLC on Tuesday celebrated the successful completion of drilling and logging operations for the MOU-3 well appraising Moulouya Fan primary reservoir target. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. Read More
Predator Oil & Gas Holdings PLC - Jersey-based oil and gas company with near-term gas operations focussed on Morocco - Says that the Star Valley Rig 101 will start drilling the MOU-3 well within the next 24 hours. Read More