14 May 2013
Petrel Resources plc
("Petrel" or the "Company")
Porcupine Basin Data Room Opened and Farm Out Discussions Underway
Petrel Resources today announces that a data room has been opened in London for its two Licensing Options, 11/4 and 11/6, in the Porcupine Basin, Irish Atlantic Margin. The two Licensing Options cover 1,400 square kilometres, with licence 11/4 in the north of the basin, and 11/6 in the east of the basin.
The Directors have commenced negotiations with a number of oil and gas companies interested in participating in the two licences.
Petrel Resources is a diversified oil and gas exploration and production company, with interests in Ghana, Ireland and Iraq. The company has a signed petroleum agreement in Ghana, holds two licences in offshore Ireland and ongoing interests in Iraq.
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 Henry-Wickes / Alice Lane Edward Hutton / Gavin Burnell |
+44 (0)20 7796 8800 |
|
|
Blythe Weigh Communications |
+44 (0) 20 7138 3204 |
Tim Blythe |
+44 (0) 781 692 4626 |
Robert Kellner |
+44 (0) 7800 554 377 |
|
|
Pembroke Communications |
|
David O'Siochain |
+353 (0) 1 649 6486 |
www.petrelresources.com
