Constructive Discussions with Ghanaian Ministry

RNS Number : 5107H

Petrel Resources PLC

08 June 2017

 

8^th June 2017

Petrel Resources plc

("Petrel" or "the Company")

Constructive Discussions with Ghanaian Ministry

The directors of Petrel Resources plc (AIM: PET) are pleased to report that discussions have taken place in recent days relating to the Tano 2A onshore offshore block in Ghana.  These discussions were positive and constructive, and will be continued.

David Horgan, Director, commented "The Tano 2A saga has been ongoing for nine years.  There are numerous legacy issues which are being addressed.  Progress is being made.  The newly elected government is pro-development and committed to improved standards.  We are committed to helping find and develop Ghana's natural resources.  With continued good-will and common sense we hope that any outstanding issues will be satisfactorily and promptly resolved."

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

ENDS

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

John Teeling, Chairman                                                               [phone]

David Horgan, Director

Nominated Adviser and Broker

Northland Capital Partners Limited

Tom Price / Gerry Beaney (Corporate Finance)                           [phone]

John Howes (Broking)

Public Relations

Blytheweigh                                                                                [phone]

Nick Elwes                                                                                    [phone]

Camilla Horsfall                                                                            [phone]

Teneo PSG

Ciaran Flynn                                                                                    [phone]

Alan Tyrrell                                                                                      [phone]

 

END

 

 

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