Commencement of Seismic Programme

RNS Number : 7096C

Petrel Resources PLC

30 June 2016

 

30^th June 2016

Petrel Resources plc

("Petrel" or "the Company")

Commencement of Seismic Programme

The board of Petrel (AIM: PET) has been informed by the Company's farm in partner, Woodside Energy, that the Bréanann 3D seismic programme commenced on 27^th June on Frontier Exploration Licence 3/14 in the Porcupine Basin, Irish Atlantic.  The total programme is over 2,400 km², of which circa 40% relates to FEL 3/14, in which Petrel has a 15% carried interest.  The seismic parameters are state-of-the-art and the contractor is PGS.  The programme is expected to complete within 5 weeks, but the processed and interpreted results will require many months thereafter. A further announcement of the results will be made in due course.  Petrel is fully carried on the expenditure.

Ends

Enquiries:

For further information please visit http://www.petrelresources.com/ or contact:

Petrel Resources Plc

John Teeling, Chairman                                                                                        [phone]

David Horgan, Director

Dipti Mehta

Nominated Adviser and Broker

Northland Capital Partners Limited

Edward Hutton / Gerry Beaney                                                                         [phone]

John Howes (Broking)

Public Relations

Blytheweigh                                                                                                             [phone]

Tim Blythe                                                                                                                 [phone]

Camilla Horsfall                                                                                                       [phone]

Megan Ray                                                                                                                 [phone]

Nick Elwes                                                                                                                 [phone]

Rachael Brooks                                                                                                       

PSG Plus

Colm Heatley                                                                                                            [phone]

Alan Tyrrell                                                                                                                [phone]

www.petrelresources.com

 

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