Data Room Opened and Farm Out Discussions Underway

RNS Number : 6344E

Petrel Resources PLC

14 May 2013

 



14 May 2013

Petrel Resources plc

("Petrel" or the "Company")

Porcupine Basin Data Room Opened and Farm Out Discussions Underway

Petrel Resources today announces that a data room has been opened in London for its two Licensing Options, 11/4 and 11/6, in the Porcupine Basin, Irish Atlantic Margin. The two Licensing Options cover 1,400 square kilometres, with licence 11/4 in the north of the basin, and 11/6 in the east of the basin.

The Directors have commenced negotiations with a number of oil and gas companies interested in participating in the two licences.

Petrel Resources is a diversified oil and gas exploration and production company, with interests in Ghana, Ireland and Iraq. The company has a signed petroleum agreement in Ghana, holds two licences in offshore Ireland and ongoing interests in Iraq.

Enquiries:

Petrel Resources Plc
David Horgan, Managing Director	[phone]
John Teeling, Executive Chairman	[phone]
Northland Capital Partners Limited
John Henry-Wickes / Alice Lane Edward Hutton / Gavin Burnell	[phone]
Blythe Weigh Communications	[phone]
Tim Blythe	[phone]
Robert Kellner	[phone]
Pembroke Communications
David O'Siochain	[phone]

www.petrelresources.com

 

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