London South East
Predator Oil & Gas Holdings PLC – Jersey-based oil & gas company with operations in Trinidad, Morocco and Ireland – announces that preparations for drilling MOU-1 in the Guercif licence onshore Morocco have begun and that further progress has been made on implementing its work programme for the Pilot CO2 EOR Project in the Inniss-Trinity field onshore Trinidad. Says the latest results at the CO2 EOR project are “very encouraging and support the impact CO2 is having in gradually enhancing oil production”. Says that the drilling and well engineering program at Guercif is being reviewed internally before release.
Current stock price: 7.20 pence; up 12% on Monday
Year-to-date change: up 89%
By Greg Roxburgh; gregroxburgh@alliancenews.com
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