PRD Predator Oil & Gas Holdings Plc

FOR IMMEDIATE RELEASE

13 December 2024

                          Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas

Predator Oil & Gas Holdings Plc

("Predator" or the "Company")

Financial Public Relations and Investor Meet

Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company with near-term hydrocarbon operations and production focussed on Morocco and Trinidad is pleased to announce the appointment of Flagstaff Strategic and Investor Communications ("Flagstaff") as its public relations adviser.

Paul Griffiths , the Company's Chief Executive Officer, will be holding a live Investor Q&A session via the Investor Meet Company platform on 23rd January 2025 at 5.30pm (UK Local time).

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Predator via:

https://www.investormeetcompany.com/predator-oil-gas-holdings-plc/register-investor

Investors who already follow Predator on the Investor Meet Company platform will automatically be invited.

In an addition to new work on the helium potential of the giant 177km2 MOU-5 "Titanosaurus" structure and the preparations to commence drilling the well there will also be an opportunity to provide the latest updates in regard to, inter alia:

·    the continuing MOU-3 testing and perforating programme and operations designed to bring the well into production for a potential CNG development;

·    the additional helium potential for wells MOU-3 and MOU-4;

·    the Jacobin-1 testing programme and novel wax treatment in the Cory Moruga Licence onshore Trinidad and follow-up plans for Snowcap-1 re-entry and wax treatment;

·    Acquisition and proposed acquisition of assets onshore Trinidad establishing Predator as a production company;

·    Optimisation of Trinidad operating costs, overheads and well productivities to increase profit margins to efficiently utilise significant tax losses;

·    2025 production guidance for onshore Trinidad with the objective of potentially exiting 2025 at 400 to 600 bopd following completion of acquisitions and successful work over programmes and wax treatments;

·    Update on an award of the Corrib South successor authorisation, Atlantic margin of Ireland adjacent to the Corrib Gas Field;

·    Potential to offer CO2 sequestration services using Predator Oil & Gas Trinidad Limited equipment; technical expertise; environmental reporting standards and operational know-how;

·    Divestment strategy in the event of a successful MOU-5 Titanosaurus well;

·    Agreed farmout strategy in the event of an award of the Corrib South successor authorisation and potential to spin out Predator Oil and Gas Ventures Limited and list in Dublin;

·    Review and clarification of key financial health indicators contained within the Company's published Financial Statements for the Year Ending 31 December 2023 and Interim Results for the period ending 30 June 2024 and impact of increased potential production revenues during 2025;

·    Launch of the re-designed company website.

Paul Griffiths, Chief Executive Officer of Predator, commented:

"We are delighted to be re-engaging with Flagstaff who have a good understanding of our assets and strategic objectives going forward based on our previous history with Flagstaff.

The Board re-structuring in 2024 allowed for the clear separation of the CEO and Chairman functions to create better-defined responsibilities for public and investor relations and an improved use of the Board resources".

Tim Thompson, Partner of Flagstaff, commented:

"Flagstaff is very excited to have the opportunity again to be re-engaging with Predator ahead of the most eagerly awaited MOU-5 well in Morocco. The potential for helium adds yet another dimension to the Predator story and prudently diversifies the portfolio of assets without incurring additional costs."

For further information visit www.predatoroilandgas.com

Follow the Company on X @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 an oil & gas company with a diversified portfolio of scaled assets including unique and highly prospective onshore Moroccan gas exposure, with multiple fully financed upcoming catalysts.

Predator has two high quality, scalable gas projects in Morocco with fast pace of commercialisation and blue sky potential. Guercif is a shallow CNG biogenic gas development with multiple traps and at least 4 separate reservoirs with recently drilled wells due to be flow tested. The Giant Jurassic Titanosaurus is a shallow thermogenic gas prospect evaluating 249m of potential gross reservoir thickness in a trap of 187 km2 for pipeline gas to power, with pipeline 2.5km from wellhead.   Moroccan gas prices are high, and the fiscal terms are some of the best in the world.  Predator also has a diversified portfolio of assets across Ireland and Trinidad, which is a near-term revenue-generating project.

Predator has an experienced management team with particular knowledge in Moroccan sub surface and operations.  The team specialises in incorporating modern, proven technologies and processes from Canada and the US to provinces where the conventional technologies did not allow their hydrocarbon potential to be revealed.

Predator Oil & Gas Holdings plc is listed on London Stock Exchange's Main Market with a Standard Listing (symbol: PRD). For further information, visit www.predatoroilandgas.com