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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Petrel Resources Plc | LSE:PET | London | Ordinary Share | IE0001340177 | ORD EUR0.0125 (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.95 | 0.90 | 1.00 | 0.95 | 0.95 | 0.95 | 0.00 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Oil And Gas Field Expl Svcs | 0 | -491k | -0.0027 | -3.52 | 1.75M |
RNS Number:9667N Petrel Resources PLC 25 July 2003 HIGHLIGHTS OF CHAIRMAN'S STATEMENT AT THE AGM OF PETREL RESOURCES, DUBLIN, JULY 25th 2003 Petrel is an AIM listed oil company, which has oil interests in Iraq. * Petrel is actively pursuing its projects in Iraq. Our office in Baghdad is functioning with local management and contacts have been re-established with relevant officials in the Oil Ministry. * Interest has been expressed by the Oil Ministry in proposals for the immediate refurbishment of and development of four oil fields. * Petrel has feasibility studies on two of these fields and we have already made our interest known to the Ministry. * Financial terms are likely to be Buy-Backs or Service Contract type - not ideal but a foot in the door. * Once terms are agreed we can have engineers on the ground within weeks. * Preliminary work has commenced on Block 6 in the Western Desert. - Staffing - Updating and reinterpreting existing seismic - Fieldwork - as soon as the temperature and security situation permit. * We are talking to institutional shareholders on ways to fund work with minimal dilution to those who have supported us to date. * We have had approaches from international companies interested in participation opportunities. * The future looks very good. FOR FURTHER INFORMATION OR INTERVIEWS PLEASE CONTACT JOHN TEELING +(353) 1 8332833 DAVID HORGAN +(353) 1 8332833 WWW.PETRELRESOURCES.COM This information is provided by RNS The company news service from the London Stock Exchange END AGMSEFFSISDSEIW
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