Director/PDMR Shareholding

Petrel Resources PLC
06 March 2006


Petrel Resources announces that it was informed on 3 March 2006 that Stefano
Borghi, a director of the Company, has exercised options over 60,000 shares at
5p each. In addition, also on 3 March 2006, Mr Borghi purchased 40,000 shares in
the Company at 50p per share. His total holding is now 155,182 shares
representing approximately 0.23% of the issued share capital of the Company.
Application will be made for the 60,000 new ordinary shares to be admitted to
AIM and it is expected that admission will take place on 10 March 2006.


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