Predator Oil & Gas Holdings Plc has raised gross proceeds of £10 million, through the issue of 90,909,090 new ordinary shares at 11 pence per share.
Predator Oil & Gas Holdings Plc is a Jersey based Oil and Gas Company with near-term gas operations focussed on Morocco. The proceeds raised will be used for MOU-4 well costs, rigless well testing of MOU-1 and MOU-3 and MOU-4 and a compressed natural gas proof of concept study.
“The completion of the fundraise comes at a pivotal time in the development of Predators portfolio of assets. We appreciate the pragmatic and efficient support PKF provided throughout the transaction and look forward to working with them in the future.”
Paul Griffiths, Executive Chairman Predator Oil & Gas Holdings Plc
PKF acted as reporting accountant on the transaction and the Capital Markets team included Joseph Baulf and Ben Pringle.
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