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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
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Petrel Resources (PET)
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