Petrel Resources PLC - Update

RNS Number : 5205C

Petrel Resources PLC

10 February 2020

10^th February, 2020

Petrel Resources plc

("Petrel" or "the Company")

Update

On the 14 January, 2020, the Company announced that it had become aware that between 17 December and 23 December 2019 the "Tamraz group" transferred 37,336,538 ordinary shares of Euro 0.0125, in the capital of Petrel Resources plc, into the custody of Deutsche Bank Switzerland (Deutsche Bank Shares) held in Chase Nominees Limited.

The Company has now received the attached letter from the Tamraz group providing further explanation to the above.

http://www.rns-pdf.londonstockexchange.com/rns/5205C_1-2020-2-10.pdf

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014. The person who arranged for the release of this announcement on behalf of the Company was Jim Finn, Secretary.

A copy of this announcement is available on the Company's website, at http://www.petrelresources.com or contact:

END

Enquiries:

Petrel Resources
John Teeling, Chairman	+353 (0) 1 833 2833
David Horgan, Director

Nominated Adviser and Broker
Beaumont Cornish - Nominated Adviser Felicity Geidt Roland Cornish	+44 (0) 020 7628 3396
Novum Securities Limited - Broker Colin Rowbury	+44 (0) 20 399 9400

Blytheweigh - PR Megan Ray Madeleine Gordon-Foxwell	+44 (0) 207 138 3206 +44 (0) 207 138 3553 +44 (0) 207 138 3208

Teneo Luke Hogg Alan Tyrrell Thomas Shortall	+353 (0) 1 661 4055 +353 (0) 1 661 4055 +353 (0) 1 661 4055

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

END

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Quick facts: Petrel Resources PLC

Price: 5

Market: AIM

Market Cap: £7.85 m

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