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Petrel Res PLC Ord EUR0.0125 (PET)

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15-Jun-2020 07:59 AM

Petrel Resources books loss; says 'well funded' for current activities

Irish oil company Petrel Resources booked a full-year loss after it wrote down the value of deferred development costs. Pre-tax losses for the year through December amounted to €1.96m, compared to losses of €0.24m on-year. Petrel is developing
19-Jun-2019 08:27 AM

Petrel posts annual loss as exploration efforts struggle

Oil explorer Petrel booked a narrower annual loss after the previous year's result was marred by asset writedowns. Pre-tax losses for the year through December amounted to €239k, compared to losses of €4.4m on-year. 'Oil and gas gras
22-Jun-2018 01:55 PM

Petrel Resources losses deepen on Iraq write-down

Petrel Resources booked a substantially deeper annual loss after it wrote down the value of assets in Iraq. Pre-tax losses amounted to €4.4m, compared to €0.3m of red ink a year earlier, and included a €4.1m impairment on the Iraq assets.
26-Sep-2016 09:13 AM

Petrel Resources narrows H1 pretax loss

Petrel Resources has narrowed its H1 pretax loss to €106,000, from a loss of €147,000. The losses were mostly due to administrative expenses. Revenue was essentially nil. "Since 2014 the hydrocarbons industry has had to weather severe stor
22-Jun-2016 02:31 PM

Petrel to hold talks over Ghana block

Petrel Resources has been advised that Ghana's ministry of petroleum is available for negotiations over the block named 'Lukoil B'. The ministry has reviewed Petrel Resources' entire proposals for amended coordinates of the Tano Basin
03-Jun-2016 02:55 PM

Petrel awarded offshore Ireland licences

Petrel Resources has been awarded two new licensing options in the Porcupine Basin, offshore Ireland, as part of phase 2 of the 2015 Atlantic Ireland round. The award to Petrel Resources is in two separate licence pptions: the north-western Porcupine
24-Sep-2014 07:55 AM

Petrel prepares for next offshore Ireland licencing round

Petrel Resources said it is actively preparing for the next offshore Ireland licencing round in 2015. Activity in Ghana will increase on licence ratification while the company continue to evaluate opportunities in other parts of the world. Petrel has ong
31-Jul-2014 01:01 PM

Petrel resolutions passed at AGM

Petrel has confirmed that all resolutions proposed at its annual general meeting earlier today were passed. At 1:01pm: (LON:PET) Petrel Resources PLC share price was -0.25p at 8.13p Story provided by
25-Jun-2014 01:09 PM

Petrel pre-tax losses rise

Petrel Resources posts pre-tax losses of �?¬526,783 for the year to the end of December - up from �?¬469,767 last time. Operating losses were �?¬528,597 compared with �?¬481,427 and in each case attributable to administrative expenses and
29-May-2014 08:02 AM

Petrel Resources confirms board re-organisation

Petrel Resources said David Horgan will be stepping aside from his role as Managing Director of the Company for the time being to focus on bringing the Ghanaian dispute to a successful resolution. He will remain a Director with John Teeling, Executive Cha
25-Mar-2014 01:17 PM

Petrel seeks injunction over Ghana block

Petrel Resources is seeking an injunction to prevent the award of any part of the Tano 2A block to a third party. Petrel says this follows recent press reports and associated speculation regarding the ratification by the Ghanaian parliament of a petro
19-Sep-2013 11:37 AM

Petrel Resources gain consent for assignment

Petrel Resources has announced that the Irish Minister of State at the Department of Communications, Energy and Natural Resources has granted his consent to the assignment of an 85% interest and transfer of operatorship in Licence Options 11-4 and 11-6 to
14-Aug-2013 07:31 AM

Petrel Resources acquires 20% of Amira Hydrocarbons

Petrel Resources has agreed to acquire a 20% stake in Amira Hydrocarbons Wasit B.V., which is the holder of a 25% carried interest in certain oil and gas exploration and production licences in the Wasit Province of Iraq. "We are delighted to announ
26-Jul-2013 03:30 PM

Petrel resolutions passed at AGM

Petrel has confirmed that all resolutions proposed at its annual general meeting held earlier today (26 July) were passed. At 3:30pm: (LON:PET) Petrel Resources share price was +3.88p at 17.88p Story provided by
20-Jun-2013 07:25 AM

Petrel Resources FY pretax loss edges out to 0.5m euro

Petrel Resources full-year pretax loss edged out to 0.47 million euros, from a loss of 0.46 million euros. The company booked nil revenue. Administrative expenses were 0.48 million euros, from 0.47 million euros. "We have exciting prospects in the
03-Jan-2013 01:52 PM

Guy Delb�¨s steps down from Petrel board

Petrel Resources non-executive director Guy Delb�¨s has resigned from the board with immediate effect following his 84th birthday to reduce his business interests. Delb�¨s - a former French diplomat - has served on the board of Petrel since 200
26-Sep-2012 12:49 PM

Petrel Resources has projects with significant potential

Petrel Resources, the AIM-listed, Irish hydrocarbon exploration company with activities in Iraq, Ghana and Offshore Ireland, is putting the focus on pursuing existing and new opportunities in Iraq. Exploration in Ghana, elsewhere in Africa and in South A
25-Jul-2012 01:00 PM

Petrel Resources has confidence in Irish exploration

Petrel Resources has announced that several new prospects have been identified on its Atlantic Margin licence options. The first phase is targeted for completion by the end of the year and says there is significant market interest in Irish offshore explo
25-Jun-2012 09:10 AM

Petrel Resources reveals strong cash position

Petrel Resources' for the year ending 31 December 2011 reveal a strong cash position of �?¬ 4.2m (2010; �?¬ 2.7m) aided by receipt of payments of $2.5m in relation to the Engineering, Procurement and Supervision of Services (EPC) contract on
22-May-2012 08:02 AM

Borghi resigns from Petrel board

Stefano Borghi has resigned as a non-executive Director of Petrel Resources. The board intends to appoint a new non-executive Director in the near future and will update the market as soon as possible. At 8:02am: (LON:PET) Petrel Resources share price
17-Oct-2011 03:23 PM

'There will be discoveries in the Irish offshore' - Petrel Resources

The managing director of oil explorer Petrel Resources says there will be discoveries off the coast of Ireland after being awarded two licences in an Irish Offshore Licencing round. Petrel's new blocks are located in in the prospective Porcupine Bas
13-May-2011 12:34 PM

Petrel Resources receives $2.5m Iraq payment

Oil and gas explorer Petrel Resources plc said a final payment of $2.5m has been received in relation to its engineering, procurement and supervision of services contract on the Subba and Luhais oil field in Iraq. Petrel retains a 10% profit interest in
11-Nov-2010 09:32 AM

Petrel Resources optimistic on Iraq

Oil and gas explorer Petrel Resources said it expected the formation of an Iraqi government to clarify oil policy and enable the company to move forward with its Iraq projects. Petrel said work continued on the Subba and Luhais EPC project in the souther
15-Sep-2010 11:50 AM

Petrel says Iraqi issues resolved

Irish-based oil and gas explorer Petrel Resources reported a pre-tax loss of €0.17m for the six months to June 30, down from €0.23m, again on nil revenue. The company said it had resolved all outstanding issues with the Iraqi Ministry of Oil wh
25-Jun-2010 09:06 AM

Petrel Resources looks to Africa

After 11 years in Iraq and a failed expedition into Jordan, oil and gas explorer Petrel Resources says it is growing its activities in Africa. The company reported a loss of €6.6m for the year to December, against the previous €0.85m, on nil re

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