Additional Listing

Petrel Resources PLC
06 March 2007

Petrel Resources PLC



Petrel Resources is pleased to confirm that it has placed 1,555,917 new ordinary
shares of euros 0.0125 each at a price of 50p per share, conditional only on
Admission. In addition the company has agreed to issue and allot 77,796 new
ordinary shares to financial intermediaries who assisted in the placing.



The Company has today submitted an application for the 1,633,713 new ordinary
shares to be admitted to AIM.



The net proceeds amounting to approximately £ 775,000 will be applied towards
additional working capital.



It is expected that dealings in the New Ordinary Shares will commence with
effect from Wednesday 7 March 2007.





Enquiries:


David Horgan, Managing Director                          + 353 87 292 3500

John Wakefield, Director, Corporate Synergy Plc          [phone]




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            The company news service from the London Stock Exchange                 MGMA