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.

PKF acted as reporting accountant on the transaction and the Capital Markets team included Joseph Baulf and Ben Pringle.

Paul Griffiths, executive chairman Predator Oil and Gas Holdings Plc, said: “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.”