Edwin Coe is pleased to announce that Daniel Bellau, along with Associate Henry Wright, advised Fox-Davies Capital Limited and Novum Securities Limited, as joint brokers in respect of a placing for Predator Oil & Gas Holdings PLC. The placing of new ordinary shares was oversubscribed and raised £10 million, at an issue price of 11p, from institutional investors. The company will use the proceeds from this placing to fund a testing programme to test feasibility for a compressed natural gas development in Morocco.

Predator Oil & Gas is a Jersey-based oil and gas company, listed on the London Stock Exchange’s Main Market (LSE: PRD). The company is currently undertaking exploration and appraisal drilling for gas onshore in Morocco; exploration and appraisal drilling for oil onshore in Trinidad; and injecting carbon dioxide into existing and potentially future wells in Trinidad for enhanced oil recovery and carbon dioxide sequestration. It has a further interest in offshore gas fields in the Republic of Ireland’s territorial waters.

Daniel, who is a Partner in Edwin Coe’s Corporate team commented, “I am delighted to have worked with my colleagues at Fox-Davies and Novum on this successful transaction, one of a number of natural resources deals that the experienced capital markets team at Edwin Coe has advised on in recent times. I also wish Predator Oil & Gas every success with their plans.

You can read Predator Oil & Gas Holdings’ announcement and news release on their website.


About Edwin Coe

Edwin Coe is a London-based full service law firm with international reach. Since 1913, we have offered a comprehensive range of integrated legal services to meet the needs of individuals, organisations and businesses based throughout the UK and internationally. Our industry-leading experts provide our clients with highly personal and responsive advice, balancing profit and purpose, to help achieve their personal and business goals.

With 39 Partners, we are ranked 115 in the current edition of The Lawyer’s ‘UK 200’ law firms and are recommended in all the major legal directories. We are proud to be B Corp™ certified, part of a global community of businesses working to redefine success in business, and create a more inclusive and sustainable economy.

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