PKF supports Predator Oil and Gas Holdings Prospectus and Placing

PKF has revealed it supported Predator Oil and Gas Holdings Plc on the publication of their Prospectus and successful Placing.

Predator Oil and Gas Holdings Plc has raised gross proceeds of £10m, through the issue of 90,909,090 new ordinary shares at 11 pence per share.

Predator Oil and 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.