Exercise of Warrants

FOR IMMEDIATE RELEASE

 16 November 2022

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")

Exercise of Warrants

Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company with operations in Trinidad, Morocco and Ireland announces that it has received an exercise notice from Novum Securities Limited ("Novum") in respect of 1.8 million warrants issued to it pursuant to warrant agreements with the Company:

dated 17 August 2022 (in connection with the Placing carried out by the Company announced on 17 August 2022) to subscribe for 3,600,000 new shares of no par value each in the Company ("New Ordinary Shares") at 5.5p per share

The Company has therefore allotted to Novum Securities and issued the total of 1,800,000 New Ordinary Shares (the "Issue Shares") following receipt of the aggregate £99,000.00 subscription price from Novum. Application will be made to the Financial Conduct Authority ("FCA") for the New Ordinary Shares (the "Further Issue") to be admitted to listing on the Official List (standard listing segment) of the FCA and to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on the London Stock Exchange's main market for listed securities (together "Admission").

The Further Issue utilises most of the Company's existing headroom shares under the Financial Conduct Authority restrictions for companies on the Official List (standard listing segment) of the London Stock Exchange's main market for list securities.

Completion of the Further Issue

Completion of the Further Issues is conditional on, inter alia:-

the Issue Shares being admitted to listing on the Official List (standard listing segment) and to trading on the London Stock Exchange's main market for listed securities ("Admission") on or before 21 November 2022 (or such later date as may be agreed by the Company and Novum Securities).

Admission, Settlement and Dealings in Issue Shares

Applications will be made to the FCA and to the London Stock Exchange for Admission in respect of all the Issue Shares proposed to be issued on completion of the Further Issue. It is expected that Admission will become effective, and that dealings in the Issue Shares are expected to commence, at 8.00 a.m. on 21 November 2022.

The rights attaching to the Issue Shares will be uniform in all respects and all of the Issue Shares will rank pari passu, and form a single class for all purposes with, the existing issued shares of no par value in the Company.

Following the Further Issue, the enlarged Share Capital will be  367,398,217 ordinary shares of no par value.

For further information visit www.predatoroilandgas.com

Follow the Company on twitter @PredatorOilGas.

This announcement contains inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 on market abuse

For more information please visit the Company's website at www.predatoroilandgas.com: 

Enquiries:

Notes to Editors:

Predator is operator of the Guercif Petroleum Agreement onshore Morocco which is prospective for Tertiary gas in prospects less than 10 kilometres from the Maghreb gas pipeline. The MOU-1 well has been completed and a follow-up testing programme is being finalised to coordinate with a further drilling programme beginning in 2022.

Predator is seeking to further develop the remaining oil reserves of Trinidad's mature onshore oil fields through the application of CO2 EOR techniques and by sequestrating anthropogenic carbon dioxide to produce "greener" oil.

In addition, Predator also 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 operations in the oil and gas industry.