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Pin to quick picksPetrel Resources Regulatory News (PET)

Share Price Information for Petrel Resources (PET)

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0.90    0.00 (0.00%)
Bid:
0.80
Ask:
1.00
Spread: 0.20 (25.00%)
Market Cap: £1.87m
PET Live PriceLast checked at - London Stock Exchange

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Potential acquisition

26 Jul 2013 09:13

RNS Number : 2360K
Petrel Resources PLC
26 July 2013
 



 

 

 

 

 

 

 

26 July 2013

 

 

Petrel Resources plc

("Petrel" or "the Company")

 

Potential acquisition

 

The Board of Petrel (AIM: PET) is pleased to announce that negotiations on a potential Iraqi investment are at an advanced stage whereby a private company with extensive hydrocarbon interests in Iraq would inject an asset into Petrel in return for a minority shareholding in Petrel as well as board representation.

 

 

ENDS

 

Enquiries:

 

Petrel Resources Plc
David Horgan, Managing Director
+353 (0)87 292 3500
John Teeling, Executive Chairman
+353 (0)1 833 2833

 

Northland Capital Partners Limited

John Howes / Alice Lane
Edward Hutton / Gavin Burnell
+44 (0)20 7796 8800

 

Blythe Weigh Communications

 

+44 (0) 207 138 3204

Tim Blythe
+44 (0) 781 692 4626
Eleanor Perry
+44 (0) 755 129 3620

 

Pembroke Communications

David O'Síocháin
+353 (0) 1 649 6486
 
 

 

 

 

www.petrelresources.com

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