Director/PDMR Shareholding

6 Mar 2006 15:18

Petrel Resources PLC06 March 2006 Petrel Resources announces that it was informed on 3 March 2006 that StefanoBorghi, a director of the Company, has exercised options over 60,000 shares at5p each. In addition, also on 3 March 2006, Mr Borghi purchased 40,000 shares inthe Company at 50p per share. His total holding is now 155,182 sharesrepresenting approximately 0.23% of the issued share capital of the Company.Application will be made for the 60,000 new ordinary shares to be admitted toAIM and it is expected that admission will take place on 10 March 2006. This information is provided by RNS The company news service from the London Stock Exchange