REG - Predator O&G Hldgs - Launch of Mag Mell White Paper

Predator Oil & Gas HoldingsAnnouncement

25/05/2022 07:00

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RNS Number : 6790M  Predator Oil & Gas Holdings PLC  25 May 2022

FOR IMMEDIATE RELEASE

25 May 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")

 

                 Launch of Mag Mell Floating Storage and
Regasification Unit ("FSRU") white paper

Kinsale Gas Field infrastructure must be retained to support Ireland's energy
supply

 

Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas
Company with operations in Trinidad, Morocco and Ireland is pleased to
announce that Mag Mell Energy Ireland Ltd. will be publishing in Ireland a
white paper document today at 10.00am titled "Keeping Ireland's Energy
Flowing" which focusses on how Ireland can repurpose existing infrastructure
at the Kinsale Head Gas Field to help insulate itself from the rising gas
prices and ensure security of energy supply during the transition to
renewables.

The Mag Mell white paper and Press Release on the reuse of Kinsale
infrastructure for LNG can be downloaded after 10.00am from the Company's
website in the MEDIA section "Recent News" at:

 

(https://www.predatooilandgas.com) https://www.predatoroilandgas.com/
(https://www.predatoroilandgas.com/)

 

The Mag Mell Project can also be followed on the Company's social media
platforms:

 

 https://www.linkedin.com/company/mag-mell-ireland/posts/?feedView=all
(https://www.linkedin.com/company/mag-mell-ireland/posts/?feedView=all)

TWITTER @magmell353

 

Paul Griffiths, Executive Chairman of Predator Oil & Gas Holdings Plc
commented:

"Shareholders are encouraged to download the Mag Mell white paper which gives
a clear and concise explanation and analysis of the potential for an FSRU
solution to Ireland's security of energy supply".

 

 

 

 

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

 Novum Securities Limited                                        Tel: +44 (0) 207 399 9425

 Jon Belliss

 Optiva Securities Limited                                       Tel: +44 (0) 203 137 1902

 Christian Dennis

 Peterhouse Capital Limited                                      Tel: +44 (0) 207 220 9791

 Charles Goodfellow

 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 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 developed and a further drilling programme is under
review.

 

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.

 

 

 

 

 

 

 

 

 

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