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30 June 2016
Petrel Resources plc
('Petrel' or 'the Company')
Commencement of Seismic Programme
The board of Petrel (AIM: PET) has been informed by the Company's farm in partner, Woodside Energy, that the Bréanann 3D seismic programme commenced on 27 June on Frontier Exploration Licence 3/14 in the Porcupine Basin, Irish Atlantic. The total programme is over 2,400 km, of which circa 40% relates to FEL 3/14, in which Petrel has a 15% carried interest. The seismic parameters are state-of-the-art and the contractor is PGS. The programme is expected to complete within 5 weeks, but the processed and interpreted results will require many months thereafter. A further announcement of the results will be made in due course. Petrel is fully carried on the expenditure.
Ends
Enquiries:
For further information please visit http://www.petrelresources.com/ or contact:
Petrel Resources Plc
John Teeling, Chairman +353 (0) 1 833 2833
David Horgan, Director
Dipti Mehta
Nominated Adviser and Broker
Northland Capital Partners Limited
Edward Hutton / Gerry Beaney +44 (0)203 861 6625
John Howes (Broking)
Public Relations
Blytheweigh +44 (0)20 7138 3204
Tim Blythe +44 (0) 7816 924 626
Camilla Horsfall +44 (0) 7871 841 793
Megan Ray +44 (0) 7515 857 619
Nick Elwes +44 (0) 7831 851 855
Rachael Brooks
PSG Plus
Colm Heatley +353 (0) 1 661 4055
Alan Tyrrell +353 (0) 1 661 4055
www.petrelresources.com
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Petrel Resources
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CODE : PET.L |
ISIN : IE0001340177 |
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Petrel is a oil exploration company based in Ireland. Petrel is listed in United Kingdom. Its market capitalisation is GBX 68.7 millions as of today (US$ 82.0 millions, € 75.0 millions). Its stock quote reached its highest recent level on December 17, 2004 at GBX 99.65, and its lowest recent point on October 11, 2024 at GBX 0.69. Petrel has 99 681 992 shares outstanding. |