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Petrel Resources RNS Release

Iraq Update

RNS Number : 4220M
Petrel Resources PLC
18 September 2012
 



 

 

 

 

 

 

 

18 September 2012

 

 

Petrel Resources plc

("Petrel" or the "Company")

 

Iraq Update

 

The board of Petrel Resources (AIM: PET) is pleased to provide an update on the Company's position in Iraq.  In mid 2012, Petrel appointed a new Baghdad/Amman based team of Iraqi citizens to review the standing of and opportunities for Petrel in Iraq.  The first objective was to clarify the position of Petrel with the national authorities in relation to existing and historic projects in which Petrel has or had an interest.  This is done.

 

The second objective is to work with national and regional authorities in Iraq to identify projects in which Petrel can be involved.  This work is ongoing.

 

John Teeling, Chairman commented: "This is a new start for Petrel in Iraq.  We are long term believers in the massive potential for the country.  We are working quietly with the national and regional authorities to identify ways forward."

 

 

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 recently completed an exploration and production joint venture contract in Iraq.

 

 

Enquiries:

 

Petrel Resources Plc


David Horgan, Managing Director

+353 (0)87 292 3500

John Teeling

+353 (0)1 833 2833



Northland Capital Partners Limited


John Henry-Wickes / Alice Lane

Gavin Burnell

+44 (0)20 7796 8800



Blythe Weigh Communications

+44 (0) 207 138 3204

Tim Blythe

+44 (0) 7816 924 626

Robert Kellner

+44 (0) 7800 554 377



Pembroke Communications


David O'Siochain

+353 (0) 1 649 6486

 

www.petrelresources.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
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