REG - Predator O&G Hldgs - Issuance of Share Options

Predator Oil & Gas HoldingsAnnouncement

13/10/2023 07:00

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RNS Number : 9962P  Predator Oil & Gas Holdings PLC  13 October 2023

FOR IMMEDIATE RELEASE

13 October 2023

 

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")

 

                Issuance of Share Options

 

Predator, the Jersey-based Oil and Gas Company with operations in Trinidad,
Morocco and Ireland, advises of the issuance of the following options over new
Ordinary Shares:

 

Issuance of Options to Non-executive directors

 

The Board's Executive Directors have resolved to make the following award of
unallocated share options the "Options") under the Company's existing option
scheme

 

To:  Alistair Jury (Non-executive Director):

 Award of 3,000,000 Options

 

To:  Carl Kindinger

 Award of 3,000,000 Options

 

Options issued on 12 October 2023 to Alistair Jury and Carl Kindinger are
exercisable at 12.5 pence per share. Fifty percent (50%) of the Options
(1,500,000) will vest upon the release of an RNS in respect of the rigless
testing results for the Guercif Licence and fifty percent upon the release of
an RNS in respect of the completion of the acquisition of TRex Holdings
Trinidad Limited and the Cory Moruga project.

 

Total Options and Warrants on issue

Following the issuances of the options announced herein, the total options and
warrants outstanding in the Company are as follows:

 

                                                    OPTIONS¹             WARRANTS²               OPTIONS³               OPTIONS⁴

                                               27 October 2020                               31 January 2022           5 July 2022
 Directors                                                                      Nil                                    2,000,000
 Previous director                                  1,650,000                   Nil              1,000,000             2,000,000
 Advisers                                                 Nil              17,880,180               Nil                    Nil

 and directors of Group subsidiary companies

 

                                                         OPTIONS⁵                    OPTIONS⁶               OPTIONS              OPTIONS

                                                   9 November 2022                                       27 March 2023           12 October 2023
 Directors                                              13.598,923                   15,710,972                  Nil             6,000,000
 Previous director                                          Nil                                                  Nil
 Advisers                                                   Nil                                               3,000,000

 and directors of Group subsidiary companies

 

(1)    27/10/20 options are exercisable at 5 pence per share

(2)    Warrants  include outstanding warrants issued to Company advisers
at

 1,020,000 at an exercise price of 10.5 pence per share

    600,000 at an exercise price of 15    pence per share

    690,000 at an exercise price of   9    pence per share

 1,800,000 at an exercise price of   5.5 pence per share

 1,099,765 at an exercise price of   8    pence per share

 2,181,810 at an exercise price of   6    pence per share

 1,780,412 at an exercise price of   5.7 pence per share

 1,080,000 at an exercise price of 10.5 pence per share

 2,863,636 at an exercise price of 11    pence per share

 5,454,546 at an exercise price of 11    pence per share

 

(3)   31/01/22 share options are exercisable at   5.66 pence per share.

(4)   05/07/22 share options are exercisable at   8.125 pence per share.

(5)   09/11/22 11,598,923 share options are exercisable at 10 pence per
share

                         2,000,000 share options are
exercisable at   7.75 pence per share

(6)  27/03/23  share options are exercisable at   8.125 pence per share

(7)   12/05/23  15,710,972 share options are exercisable at   8.0 pence
per share

                        3,401,077 share options are
exercisable at 10 pence per share

 

If all options and warrants were to become exercisable and then exercised in
accordance with their terms, gross proceeds received by the Company would
be £5,982,951.

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 (http://www.predatoroilandgas.com/) :

 

 

 

Enquiries:

 Predator Oil & Gas Holdings Plc                                 Tel: +44 (0) 1534 834 600

 Paul Griffiths               Executive Chairman                 Info@predatoroilandgas.com (mailto:Info@predatoroilandgas.com)

 Lonny Baumgardner   Managing Director

 Fox-Davies Capital                                              Tel +44 (0)2038847447

 Jerry Keen                                                      jerry@fox-davies.com (mailto:jerry@fox-davies.com)

 Novum Securities Limited                                        Tel: +44 (0) 207 399 9400

 David Coffman / Jon Belliss

 Flagstaff Strategic and Investor Communications                 Tel: +44 (0) 207 129 1474

 Tim Thompson                                                    predator@flagstaffcomms.com (mailto:predator@flagstaffcomms.com)

 Mark Edwards

 Fergus Mellon

 

 

 

Notes to Editors:

 

Predator is operator of the Guercif Petroleum Agreement onshore Morocco which
is prospective for Tertiary gas less than 10 kilometres from the Maghreb gas
pipeline.  The MOU-1 well drilled in 2021 and the MOU-3 well drilled in 2023
have been completed for rigless testing in 2023. Focus is on supplying
compressed natural gas to the Moroccan industrial market. Further drilling
activity is being progressed to evaluate Jurassic prospects.

Predator is seeking to apply CO2 EOR techniques onshore Trinidad which have
the advantage of sequestrating anthropogenic carbon dioxide. Acquisition
opportunities are also being progressed which are compatible with this
strategy.

 

Predator 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 successfully executing operations in the oil and gas sector.

 

 

 

 

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