Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPetrel Resources Regulatory News (PET)

Share Price Information for Petrel Resources (PET)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1.45
Bid: 1.30
Ask: 1.60
Change: -0.10 (-6.45%)
Spread: 0.30 (23.077%)
Open: 1.55
High: 1.55
Low: 1.45
Prev. Close: 1.55
PET Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Highlights of the Chairman's Statement from AGM

28 Jul 2016 12:21

RNS Number : 5436F
Petrel Resources PLC
28 July 2016
 

 

 

 

 

28th July 2016

Petrel Resources plc

("Petrel" or the "Company")

 

Highlights of the Chairman's Statement to the AGM of

Petrel Resources Plc held In Dublin at 12 noon Thursday 28th July 2016.

 

Ø The focus of current activity is in the Porcupine Atlantic offshore Ireland where our partner, Woodside Resources, is undertaking a $6 million seismic survey over Frontier Exploration Licence (FEL) 3/14. The survey is 87% complete.

Ø The seismic will be processed over the coming months. Assuming that targets are identified a well could be drilled in 2018.

Ø In April 2016 Petrel were awarded Licencing Options (LOs) on two areas in the Porcupine. We believe that each licence has significant potential.

The first LO which includes blocks 35/01, 26/26 and portions of blocks 26/27 and 35/02. The ground abuts the Conamara oil discovery made by BP in 1983.

The second LO is the Eastern Porcupine and includes all of block 45/27 which was covered by 3D seismic in 2013.

Ø Following completion of an agreed work programme within 2 years Petrel has the option to apply to convert to full Frontier Exploration Licences.

Ø Petrel and Woodside have a joint venture on a second licence FEL 4/14. Discussions are ongoing as to what will be done on this licence.

Ø In Ghana, we maintain our legal rights on block Tano 2A. At the suggestion of the Ministry we applied for a deeper water block. We have been invited for discussions, we have accepted and await dates.

Ø Iraq is at a standstill. Our best prospect is the 5% full carry to production on ground in the Wasit province which is a Shia dominated relatively stable area. The operator is Oryx, a Canadian company. They have been unable to obtain drilling permits.

 

All resolutions were passed at the meeting.

 

 

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCMMGZNMRVGVZM
Date   Source Headline
5th Jan 202410:24 amRNSExercise of Warrants
3rd Jan 202410:37 amRNSExercise of Warrants
21st Dec 20233:18 pmRNSExercise of Warrants
18th Oct 20239:55 amRNSHolding(s) in Company
18th Oct 20239:54 amRNSHolding(s) in Company
28th Sep 20237:00 amRNSAppointment of Nominated and Financial Adviser
18th Sep 20237:00 amRNSUnaudited Interim Statement
27th Jul 20231:14 pmRNSResult of Annual General Meeting
20th Jun 20237:00 amRNSResults for the Year Ended 31st December 2022
29th Nov 202212:43 pmRNSHolding(s) in Company
18th Nov 20226:22 pmRNSHolding(s) in Company
4th Nov 202210:54 amRNSHolding(s) in Company
1st Nov 202212:13 pmRNSHolding(s) in Company
24th Oct 20227:00 amRNSPlacing to Raise £250,000
27th Sep 20227:00 amRNSInterim Statement
5th Aug 20221:00 pmRNSResult of Annual General Meeting
28th Jun 20227:00 amRNSAudited Results for the Year Ended 31st Dec 2021
5th May 20222:06 pmRNSSecond Price Monitoring Extn
5th May 20222:01 pmRNSPrice Monitoring Extension
5th May 202211:05 amRNSSecond Price Monitoring Extn
5th May 202211:00 amRNSPrice Monitoring Extension
14th Apr 202211:05 amRNSSecond Price Monitoring Extn
14th Apr 202211:00 amRNSPrice Monitoring Extension
14th Apr 20227:00 amRNSLifting of Court Injunction
22nd Sep 20217:00 amRNSInterim Statement
27th Jul 202111:39 amRNSResults of Annual General Meeting
4th Jun 20217:00 amRNSPreliminary Results for Year Ended 31st Dec 2020
12th Mar 20212:46 pmRNSUpdate on migration of uncertificated shares
23rd Feb 202111:21 amRNSResult of Extraordinary General Meeting
25th Jan 20217:00 amRNSNotice of Extraordinary General Meeting
21st Sep 20207:00 amRNSInterim Statement
18th Aug 20204:41 pmRNSSecond Price Monitoring Extn
18th Aug 20204:36 pmRNSPrice Monitoring Extension
24th Jul 202011:44 amRNSResults of Annual General Meeting
15th Jun 20207:00 amRNSPreliminary Results for the Year Ended 31/12/19
26th May 20207:00 amRNSPlacing to Raise £250,000 & Update on Operations
18th May 20207:00 amRNSUpdate on agreement with the Tamraz Group
3rd Apr 20207:00 amRNSUpdate on agreement with the Tamraz Group
10th Feb 20201:47 pmRNSUpdate
27th Jan 20204:41 pmRNSSecond Price Monitoring Extn
27th Jan 20204:36 pmRNSPrice Monitoring Extension
27th Jan 20202:05 pmRNSSecond Price Monitoring Extn
27th Jan 20202:00 pmRNSPrice Monitoring Extension
24th Jan 20204:47 pmRNSEnforcement of Share Lock-In
22nd Jan 20204:45 pmRNSNotification of Transactions
17th Jan 20205:08 pmRNSInterim update on enforcement of Share Lock-In
17th Jan 20204:41 pmRNSSecond Price Monitoring Extn
17th Jan 20204:35 pmRNSPrice Monitoring Extension
15th Jan 20204:40 pmRNSSecond Price Monitoring Extn
15th Jan 20204:35 pmRNSPrice Monitoring Extension

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.