PET Petrel Resources Plc

1.45

0.00 (0.00%)

17 Dec 2024 - Closed

Delayed by 15 minutes

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%	1.45	1.30	1.60	1.45	1.45	1.45	84,552	08:00:00

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Oil And Gas Field Expl Svcs	0	-491k	-0.0027	-5.37	2.67M

Statement re. Press Comment

12/05/2003 1:28pm

UK Regulatory

RNS Number:9701K
Petrel Resources PLC
12 May 2003

The board of Petrel Resources notes the recent press comment suggesting that a
significant equity placement is likely in the foreseeable future. The Company is
working to secure licences to explore and /or develop oil fields in Iraq but the
company has no immediate plans to issue equity and does not intend to do so
until proposals are agreed with the relevant authorities in Iraq.



The Company also announces that, on 13 March 2003, the Company granted options
to three directors to subscribe for ordinary shares in the Company during the
seven years following the date the options were granted, at a price of 5.25p per
share. The options were granted at nil cost as follows:


Name                          Position                        Number of shares
John Teeling                  Chairman                                 100,000
David Horgan                  Managing Director                        100,000
Stefano Borghi                Director                                  60,000




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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