Predator Oil & Gas Holdings (LON:PRD) CEO Paul Griffiths discusses its operational update on Trinidad and Ireland. Paul talks us through the highlights, explains how the Co2 supply contract will aid the company, the benefits of accelerating the Co2 EOR pilot, a phased investment and why Corrib South could be ‘the big one’ dwarfing all its other projects.
Predator Oil and Gas Holdings is an exploration company with the objective of participating with FRAM Exploration Trinidad Ltd. in further developing the remaining oil reserves the producing Inniss Trinity oil field onshore Trinidad, primarily through the application of C02 EOR technology. Potential for cash flow exists by executing a Pilot Enhanced Oil Recovery project using locally-sourced carbon dioxide for injection into the oil reservoirs (“C02 EOR”). Near-term expansion and growth potential is focussed on upscaling the C02 EOR operations in the Inniss-Trinity oil field and potential acquisitions of assets suitable for C02 EOR development.
In addition, Predator also owns and operates exploration and appraisal assets in current licensing options offshore Ireland adjoining Shell’s Corrib gas field in the Slyne Basin on the Atlantic Margin and east of the Kinsale gas field and Barryroe oil field in the Celtic Sea.
The Company has a highly experienced management team with a proven track record in the oil and gas industry.