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Pin to quick picksPetrel Resources Regulatory News (PET)

Share Price Information for Petrel Resources (PET)

London Stock Exchange
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Share Price: 1.425
Bid: 1.40
Ask: 1.45
Change: 0.00 (0.00%)
Spread: 0.05 (3.571%)
Open: 1.425
High: 1.425
Low: 1.425
Prev. Close: 1.425
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Stmnt re Share Price Movement

30 Dec 2008 12:17

RNS Number : 8949K
Petrel Resources PLC
30 December 2008
 

Petrel Resources Plc

Statement re Share Price Movement

The Board of Petrel Resources PLC ("the Company") notes the recent increase in the Company's share price, which it attributes to recent press speculation concerning the process for companies to tender in connection with the development of oil and gas fields in Iraq.

The focus of the Company's operations is, and has been since its establishment in the 1980s, in Iraq. However, the Company has no specific comment to make at this time about this press comment or its prospects for 2009.

*** ENDS ***

Enquiries:

Petrel Resources

Jim Finn +353 862 58 1178 

Blue Oar Securities 

Nick Lovering +44 (0) 20 7448 4478 

www.petrelresources.com

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