Predator Oil & Gas Holdings PLC Licensing Legislation Offshore Ireland (7875N)
February 03 2021 - 2:00AM
UK Regulatory
TIDMPRD
RNS Number : 7875N
Predator Oil & Gas Holdings PLC
03 February 2021
FOR IMMEDIATE RELEASE
03 February 2021
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")
Licensing Legislation Offshore Ireland
Predator Oil & Gas Holdings Plc, the Jersey-based Oil and
Gas Company with operations in Trinidad, Morocco and Ireland,
welcomes yesterday's renewed commitment by the Irish Government to
honour existing licences issued by the State for oil and gas.
All options for energy security in the future that utilise
existing oil and gas infrastructure should be explored.
Subsurface oil and gas reservoirs provide a potentially valuable
asset for safe CO2 sequestration during the transition to green
energy dominance.
Predator remains focussed on promoting CO2 sequestration
projects based on our extensive experienced gathered through
interaction with government policy makers, regulators and the
environmental management authority in Trinidad. Our practical
operational experience and extensive data gathered to date during
CO2 injection are valuable assets to assist policy makers in
framing future legislation and regulation of CO2 sequestration from
an environmental and investment perspective.
Paul Griffiths, CEO of Predator Oil & Gas Holdings Plc
commented:
"With the natural transition to greener energy, it is incumbent
on policy makers and regulators to be inclusive, in order to
utilise all the available expertise and practical knowledge to
develop a workable policy for CO2 sequestration along the way to a
sustainable energy future. To facilitate such developments Predator
will work with regulators, where invited to do so, to promote
enabling legislation that facilitates CO2 sequestration. We have
pioneered a new era of CO2 injection in Trinidad and de-risked the
potential for larger scale CO2 sequestration. Why not Ireland?"
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:
Predator Oil & Gas Holdings Plc Tel: +44 (0) 1534 834 600
Dr. Stephen Staley Non-executive Chairman Info@predatoroilandgas.com
Paul Griffiths Chief Executive Officer
Novum Securities Limited Tel: +44 (0) 207 399 9425
Jon Belliss
Optiva Securities Limited Tel: +44 (0) 203 137 1902
Christian Dennis
Flagstaff Strategic and Investor Communications Tel: +44 (0) 207 129 1474
Tim Thompson predator@flagstaffcomms.com
Mark Edwards
Fergus Mellon
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 and sequestrating
anthropogenic carbon dioxide 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
successful Pilot Enhanced Oil Recovery project using locally
sourced liquid carbon dioxide for injection into and storage within
the oil reservoirs ("C02 EOR"). Near-term expansion and production
growth potential is focussed on upscaling the C02 EOR operations in
the Inniss-Trinity oil field, subject to all necessary
approvals.
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. A drilling
programme, subject to the lifting of COVID-19 restrictions,
targeting material prospective gas resources is scheduled for Q2
2021.
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 Kinsale gas field and Barryroe oil field in
the Celtic Sea.
The Company has a highly experienced management team with a
proven track record in the oil and gas industry.
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