# Predator Oil & Gas Holdings Plc Corrib South Frontier Exploration Licence

- Link: https://www.directorstalkinterviews.com/predator-oil-gas-holdings-plc-corrib-south-frontier-exploration-licence/412752478
- Published: 2018-06-08T07:31:23+01:00
- Author: Giles Arbor

**Predator Oil & Gas Holdings Plc**, (LON:PRD), an Oil and Gas Exploration Company,
today provided a licence update regarding Licensing Option 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 Oil & Gas Holdings 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.”

Predator is an oil and gas exploration company with the objective of participating
with FRAM Exploration Trinidad Ltd. in 2 infill production wells in H1 2018 in the
Inniss Trinity oil field onshore Trinidad, which will potentially provide early 
cash flow and information for a Pilot Enhanced Oil Recovery project using locally-
sourced carbon dioxide for injection into the oil reservoirs (“C02 EOR”). Expansion
and growth potential is focussed on the acquisition of assets with C02 EOR potential.
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.

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