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1 August 2023

Predator Oil & Gas Holdings plc

("Predator" or the "Company")

Result of the Placing

Further to its announcement of 4.35 p.m. of 31 July 2023 Predator Oil & Gas Holdings plc (LSE: PRD), a Jersey based Oil and Gas Company with near-term gas operations focussed on Morocco, is pleased to announce that the Bookbuild was oversubscribed and it has successfully raised gross proceeds of £10 million, with good new institutional support,  pursuant to the Placing. 

A total of 90,909,090 new ordinary shares of nil par value ("Ordinary Shares") were placed with investors ("Placing Shares"), at an issue price of 11 pence (the "Placing Price").

Admission of new Ordinary Shares

Application will be made for the Placing Shares to be admitted to trading on the standard segment of the main market of London Stock Exchange plc ("Admission"). It is anticipated  that Admission will take place at or around 8.00 a.m. (London time) on 15 August 2023 (or such later date as many be agreed between the Company, Novum and Fox-Davies) but in any event not later than 8.00 a.m. on 31 August 2023. 

The Company does not currently have the ability under the Prospectus Regulation Rules to enable  admission of the Placing Shares. The Company is working with its advisers to obtain approval of a prospectus (the "Prospectus") which is in the late stages of the vetting process with the FCA.  In the event that the Prospectus is not approved by the FCA in time to enable Admission on 15 August 2023, Admission will be delayed to ensure that the Company will have sufficient headroom under the Prospectus Regulation Rules to enable Admission.   Admission will take place no later than the back stop date of 8.00 am on 31 August 2023.

The Placing is conditional upon, inter alia, Admission becoming effective and the placing agreement between the Company, Novum and Fox-Davies ("Placing Agreement") not having been ‎terminated.‎ The Placing Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the Company's existing issued Ordinary Shares.

Total Voting Rights

Following Admission of the 90,909,090 Placing Shares, the Company's issued share capital will consist of 517,312,508 Ordinary Shares. The Company holds no Ordinary Shares in treasury.

Therefore, the total number of voting rights in shares in the Company is 517,312,508, which is the figure which should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Predator shares under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms used but not defined in this announcement have the same meanings as set out in the fundraise announcement of the Company released at 4.35 p.m. (GMT) on 31 July 2022.

Enquiries:

About Predator

Predator is operator of the Guercif Petroleum Agreement onshore Morocco which is prospective for Tertiary gas less than 10 kilometres from the Maghreb gas pipeline.  The MOU-1 well drilled in 2021 is being prepared for a follow-up testing programme to coordinate with a further drilling programme to move the project to a CNG development stage.

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.

Predator 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.

For more information, visit  www.predatoroilandgas.com