17:00 Thu 31 Jul 2014
Petrel Resources PLC - AGM Statement
("Petrel" or "the Company")
AGM Statement
Petrel will be holding its AGM at
Petrel is active in three areas, Offshore Ireland,
Offshore
The joint venture with Woodside Petroleum on two blocks in the Porcupine basin is going well. Woodside is analysing and reprocessing all available data on the two blocks. They expect to conduct seismic in 2015 with a well likely in 2017. Petrel holds a 15% interest and is fully carried by Woodside through all exploration up to and including one well on each block.
Following an all-party agreement in the
Petrel has a 5% full free carry on the interests held by Oryx in the Wasit province of
Petrel will apply for ground in the forthcoming Irish offshore licence round.
The Board is actively looking at options to enhance shareholder value.
Petrel is fully funded for all current activities.
ENDS
Enquiries:
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+353 (0)1 833 2833 |
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+353 (0)1 833 2833 |
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+44 (0)20 7382 1100 |
Blytheweigh |
+44 (0) 207 138 3204 |
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+44 (0) 781 692 4626 |
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+44 (0) 755 129 3620 |
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+44 (0) 772 597 8141 |
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Natalie Tennyson |
+353 (0) 1 649 6340
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