Predator Oil & Gas has announced the exercise of share options by Directors and a Directors loan to further develop its asset portfolio. Exercise of options and Directors loan will provide aggregate additional net funds of £1,256,880 for the expansion of the MOU-1 testing programme in Morocco and the placing of orders for MOU-3 long-lead drilling items, as well as funds to develop its assets in Ireland and Trinidad.
Predator Oil & Gas will be publishing in Ireland a white paper document today 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.