Petrel Resources Share News (PET)

Petrel Resources Gets Two Exploration Licences Offshore Ireland

LONDON (Alliance News) - Petrel Resources PLC Tuesday said it has been awarded two frontier exploration licences in the Porcupine Basin off the Atlantic coast of Ireland. The AIM-listed oil-and-gas explorer, with operations in Ireland, Ghana and Iraq, said the Irish Department of Communicat

Petrel Resources Pretax Losses Remain Flat, Plans To Drive Forward Key Sites

Petrel Resources Receives Approval For Joint Venture With Woodside

Petrel Resources buys Iraqi oil firm

Oil & gas explorer Petrel Resources is buying a fifth of an Iraqi oil company in a cash-and-shares deal. Petrel is acquiring a 20% share in special purpose vehicle Amira Hydrocarbons Wasit, which owns a quarter of some oil and gas exploration and production licences in Iraq's Wasit province, from A

STOCKS NEWS EUROPE-UK small caps close up 0.1 pct

UK small caps finish 0.1 percent higher, in line with the AIM index and outperforming a flat mid-caps index. Petrel Resources adds 7.1 percent after saying it has agreed to farm out 85 percent of its Atlantic Porcupine Basin holding to Woodside , Australia's largest independent oil and gas

Ireland to review tax on oil, cautious on Norway-style rate

* Committee recommends 25-40 pct rate be doubled * Interest increasing in country's oil potential * Energy minister says must be realistic about prospects DUBLIN, May 14 (Reuters) - Ireland's energy minister launched a review of the country's low tax rate on oil and gas on Tuesd

Petrel seeks big partner for Irish oil exploration

By Sarah Young DUBLIN, May 14 (Reuters) - Explorer Petrel Resources Plc is seeking a larger partner to help it fund drilling off the coast of Ireland and hopes to conclude a deal in coming months, as it capitalises on a surge of interest in the country's oil potential. Ireland's oil

Data room opened for Petrel Resources' Irish licences

AIM-listed diversified oil and gas exploration and production company Petrel Resources has reported that a data room has been opened in London for its two licensing options- 11/4 and 11/6 - located in the Porcupine Basin in the Irish Atlantic Margin. The two Licensing Options cover 1,400 square ki

Petrel Resources soars following completion of initial work in Porcupine Basin

Diversified oil and gas exploration company Petrel Resources has completed initial work on two prospective licencing options in the Porcupine Basin in offshore Ireland. The company said it was moving forward in talks with prospective partners. The company reported that in addition to previously

Resources round-up: Petrel, Nostra Terra, Mercom

Irish oil exploration group Petrel Resources took flight after saying detailed modelling of Quad 35, part of its 11/4 licensing option in the Irish Atlantic Margin, indicated a potential payload of one billion barrels. As an added bonus, the targets are accessible with one well. The Nostra Terra O

Thursday broker round-up - UPDATE

Ashtead: UBS raises target from 375p to 400p, buy rating kept. ASOS: Panmure Gordon keeps buy rating and 2,530p target. AZ Electronic Materials: Goldman Sachs upgrades to conviction buy. Booker: Panmure Gordon keeps buy rating and 108p target. Britvic: Panmure Gordon keeps hold rating and 380p t

Petrel 'encouraged' with results at Porcupine Basin

Shares in Irish oil exploration group Petrel Resources got a boost on Thursday after the company said the first two phases of work on the northern and eastern sections of the Porcupine Basin are complete, with several new targets having been identified. The firm said it was "encouraged" by results

Resource round-up: Oxus, Petrel Resources, Stellar Diamonds

Shares in Oxus Gold rocketed 47% after it said accountants had submitted a detailed assessment of losses as it continues to battle the government of Uzbekistan over the taking of two of its mineral assets in the country. The firm added the Uzbek government had agreed to temporarily suspend its $10.8

London close: German party poopers bash shares

It was an another topsy-turvy dominated by changing perceptions of the Eurozone situation, with shares finishing firmly in the red after Steffen Seibert, spokesman for German Chancellor Angela Merkel, suggested that markets were getting carried away with the optimism. Referring to the hopes being

Sector movers: Oil gushes higher, no support for support services

Company updates from the oil sector have been well-received today. Integrated oil giant BP and US counterpart Anadarko have reached a settlement over the Deepwater Horizon rig explosion at the Macondo asset in the Gulf of Mexico. Anadarko will pay BP $4bn in a single cash payment, which will go i