Charles Russell Speechlys advises Predator Oil & Gas Holdings plc on its successful placing of New Ordinary Shares to the London Stock Exchange

Charles Russell Speechlys has advised Predator Oil & Gas Holdings plc on the successful admission of New Ordinary Shares to the London Stock Exchange, raising gross proceeds of £10 million.

The shares are now trading on the London Stock Exchange’s main market for listed securities, and the listing was subject to FCA approval.

Predator is involved in the exploration, appraisal and further development of oil and gas assets. It operates in Morocco and Ireland and is currently a non-operator in the Republic of Trinidad and Tobago.

The principal near-term activities of Predator are exploration and appraisal drilling for gas onshore in Morocco and exploration and appraisal drilling for oil onshore in Trinidad and injecting carbon dioxide into existing wells in Trinidad for enhanced oil recovery and carbon dioxide sequestration. The Group’s strategy is to adopt an ethical and proactive response to the issue of climate change and its implications for the oil and gas sector.  It is focussed on developing a more environment-friendly fossil fuels business, where its approach can be demonstrated as contributing to a potential reduction in CO2 emissions.

Charles Russell Speechlys acted on the IPO of Predator back in May 2018, and have been advising the Company since.

Andrew Collins, Corporate Partner, commented:

“We were delighted to support Predator Oil & Gas on the admission of its New Ordinary Shares and look forward to seeing how the company continues to grow with this injection of capital.”

The team was led by Corporate Partner Andrew Collins, with support from Associate Iwan Thomas and Trainee Willemijn Paul.