Petrel Resources PLC (PET)

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Company Description

Petrel Resources PLC has explored for oil & gas since 1982 (since 1997 under current management). The Company is an oil & gas exploration company. It has exploration interests in Iraq, Ghana and Ireland. It is active in the Irish offshore Atlantic Margin, Ghana's Tano Basin and Iraq. The Company's segment is oil exploration and development. The Company holds 15% interest in 1,050km of prospective acreage in the Porcupine Basin of the Irish offshore (FEL 3/14 and 4/14). It has a 30% interest in a signed Petroleum Agreement in the Ghanaian Tano 2A Block, close to circa 2 billion barrels of recent discoveries. It also has an effective 5% carry with Oryx Petroleum on licences with the Wasit Governate in Iraq...