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 LLP is a full service law firm based in the heart of London’s historic legal district in Lincoln’s Inn. Founded in 1913, we have grown from our litigation origins to become a thriving and dynamic practice, providing a comprehensive range of legal services to meet the needs of a wide variety of businesses, individuals and organisations based throughout the UK and internationally.

With 43 Partners, we are ranked 115 in the 2022 edition of The Lawyer ‘UK 200’ law firms and are recommended in all the major legal directories. We provide clients with innovative, tailored and integrated legal services and combine a highly personal and responsive service with industry leading expertise.

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