Predator Oil & Gas Holdings PLC Directorate Change (0491G)
July 19 2019 - 3:00AM
UK Regulatory
TIDMPRD
RNS Number : 0491G
Predator Oil & Gas Holdings PLC
19 July 2019
FOR IMMEDIATE RELEASE
19 July 2019
Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD /
Sector: Oil & Gas
Predator Oil & Gas Holdings Plc
("Predator" or the "Company" and together with its subsidiaries
"the Group")
BOARD CHANGES
Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil
and Gas Company, today announces the following changes to the
Board.
..........................................................................................................................
Sarah Cope has resigned as Non-Executive Director of the Company
and Carl Kindinger has been appointed Non-Executive Director and
interim Chairman with immediate effect.
Paul Griffiths, Chief Executive of Predator, commented:
"We greatly appreciate Sarah's contribution to the Company since
our admission onto the Standard List. We welcome Carl to the Board
as interim Chairman. Carl brings significant financial expertise to
the position and effective oversight of the Company's finances
going forward as we progress drilling in Morocco and develop
production potential in Trinidad."
Enquiries:
Predator Oil & Gas Holdings Tel: +44 (0)1534 834600
plc
Paul Griffiths, Chief Executive
Officer
Carl Kindinger, Non-Executive
Chairman
Brandon Hill Capital Tel: +44 (0)20 3463 5000
Jonathan Evans / Oliver Stansfield
Follow us also on VOX Market
https://www.voxmarkets.co.uk/
This announcement contains inside
information for the purposes
of Article 7
of the Regulation (EU) No 596/2014
on market abuse
Notes to Editors:
Predator is an oil and gas exploration company with the
objective of participating with FRAM Exploration Trinidad Ltd. in
further developing the remaining oil reserves in the producing
Inniss Trinity oil field onshore Trinidad, primarily through the
application of C02 EOR technology. Potential for cash flow exists
by executing a Pilot Enhanced Oil Recovery project using
locally-sourced carbon dioxide for injection into the oil
reservoirs ("C02 EOR"). Near-term expansion and growth potential is
focussed on upscaling the C02 EOR operations in the Inniss-Trinity
oil field and potential acquisitions of assets suitable for C02 EOR
development, subject to all necessary approvals.
In addition, Predator also owns and operates exploration and
appraisal assets in current licensing options offshore Ireland, for
which Successor Authorisations have been applied for, adjoining
Shell's Corrib gas field in the Slyne Basin on the Atlantic Margin
and east of the Kinsale gas field and Barryroe oil field in the
Celtic Sea. A Successor Authorisation has been granted for the
Celtic Sea asset whilst the result of an application for a Frontier
Exploration Licence over the Slyne Basin exploration asset is is
pending.
Predator is operator of the Guercif Petroleum Agreement onshore
Morocco which is initially prospective for Tertiary gas in
prospects less than 10 kilometres from the Maghreb gas
pipeline.
The Company has a highly experienced management team with a
proven track record in the oil and gas industry.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
BOABCGDRCXBBGCI
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