20th Oct 2020 19:30
Predator Oil & Gas Holdings PLC - Jersey-based oil & gas company - Notes that Permanent Secretary for the Ministry of Energy and Energy Industries has granted approval for the use of the carbon dioxide recovery system, associated with the CO2 Pilot Project at the FRAM Exploration Gathering Station 4 at the Inniss-Trinity field.
"This is an important development that allows us to separately process enhanced oil production from CO2 EOR operations for sale and export through the existing pipeline infrastructure," said Chief Executive Paul Griffiths.
Current stock price: 3.12 pence
Year-to-date change: down 46%
By Dayo Laniyan; [email protected]
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