Potential acquisition

RNS Number : 2360K

Petrel Resources PLC

26 July 2013

 



26 July 2013

Petrel Resources plc

("Petrel" or "the Company")

Potential acquisition

The Board of Petrel (AIM: PET) is pleased to announce that negotiations on a potential Iraqi investment are at an advanced stage whereby a private company with extensive hydrocarbon interests in Iraq would inject an asset into Petrel in return for a minority shareholding in Petrel as well as board representation. 

ENDS

Enquiries:

Petrel Resources Plc
David Horgan, Managing Director	[phone]
John Teeling, Executive Chairman	[phone]
Northland Capital Partners Limited
John Howes / Alice Lane Edward Hutton / Gavin Burnell	[phone]
Blythe Weigh Communications	[phone]
Tim Blythe	[phone]
Eleanor Perry	[phone]
Pembroke Communications
David O'Síocháin	[phone]

 

www.petrelresources.com

 

END

 

 

MSCUNAWRORABURR