Predator Oil & Gas Holdings PLC (LON:PRD), an Oil and Gas Exploration Company (the “Company”), today provided a licence update regarding Licensing Option (“LO”) 16/26 located in the Slyne Basin 18 kms. from the Corrib gas field. LO 16/26 is operated by Predator Oil and Gas Ventures Ltd. (50%), a wholly-owned subsidiary of the Company, on behalf of its partner Theseus Ltd. (50%), collectively referred to as the “JV Partners”. LO 16/26 contains the undrilled Triassic Corrib South gas prospect.
Predator can confirm that the JV Partners have elected to apply to the Minister of State at the Department of Communications, Climate Action and Environment to convert LO 16/26 into a Frontier Exploration Licence.
Paul Griffiths, CEO of Predator said:
“We are very pleased that the JV Partners under the operatorship of Predator, have applied to convert the Licensing Option containing the Corrib South prospect to a Frontier Exploration Licence. We look forward to progressing our operational plans both in Ireland and onshore Trinidad and will provide further updates as and when appropriate”.
