Crude Oil (WTI)

Commodity

XD0015948363

Delayed OTC Data Services 02:35:47 2024-05-29 am EDT			5-day change	1st Jan Change
80 ^USD	-0.09%		+2.18%	+12.18%

08:32am	BHP Wants Another Extension to Takeover Talks With Anglo American	DJ
08:15am	ConocoPhillips in advanced talks to buy Marathon Oil, FT reports	RE

Predator Oil & Gas execs sell shares to give loan to company

June 28, 2023 at 09:52 am EDT

Predator Oil & Gas Holdings PLC - oil and gas operations in Morocco, Trinidad and Ireland - Executive Chair Paul Griffiths sells 17.5 million shares and Managing Director Lonny Baumgardner sells 500,000, and they loan the proceeds to the company. The shares are placed by Novum Securities Ltd at 10.5 pence each, raising a total of GBP1.9 million gross. Predator explains the transaction is arranged, because it doesn't have sufficient headroom to issue new shares without producing a UK Financial Conduct Authority-approved prospectus. The loans will carry a 4% interest rate and will be repaid in shares once Predator is able to do so. The money will be used to progress the drilling of the MOU-4 well in Morocco.

Current stock price: 11.09p, down 15% in London on Wednesday afternoon

12-month change: up 31%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BRENT CRUDE OIL SPOT	84.18 USD	-0.09%	+2.05%	-
WTI	80.01 USD	-0.08%	+2.23%	-
PREDATOR OIL & GAS HOLDINGS PLC	9.5 GBX	+8.57%	+8.57%	68.61M

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