10 August 2023

Predator Oil & Gas Holdings plc

("Predator" or the "Company")

Publication of a Prospectus

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 the publication of a ("Prospectus") dated 10 August 2023.

The Prospectus has been approved by the Financial Conduct Authority and is available to view on the Company's website: https://www.predatoroilandgas.com/investors/documents-circulars/ and at the National Storage Mechanism:  https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

The Prospectus has been published to enable the admission to trading ("Admission") of 90,909,090 new ordinary shares ("Placing Shares") pursuant to a placing announced on 1 August 2023 ("Placing") and 45,189,580 replacement shares ("Replacement Shares") issued to Paul Griffiths and Lonny Baumgardner, directors of the Company.

The Placing raised £10m at 11 pence per share before costs and the net proceeds 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.

The Replacement Shares have been issued pursuant to the repayment terms of the stock lending agreements entered into between Paul Griffiths and the Company dated 17 August 2022,16 March 2023 and 28 June 2023 respectively and between Lonny Baumgardner and the Company dated 28 June 2023.

Applications will be made to the FCA and the LSE for Admission of the Placing Shares and Replacement Shares which is expected to take place on or around 15 August 2023. These shares rank pari passu with the existing ordinary shares of the Company.

On Admission, the Company's issued share capital will comprise 562,502,088 ordinary shares of nil par value, with each ordinary share carrying the right to one vote. Accordingly, the total number of voting rights in the Company will be 562,502,088 and this figure may 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, the Company under the FCA's Disclosure Guidance and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

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