Petrel Resources PLCLSE Petrel Resources Stock Report

Petrel Resources Plc engages in oil and gas exploration and development. The company is headquartered in Dublin, Dublin and currently employs 4 full-time employees. The company went IPO on 2000-08-18. The firm is focused on projects in Ireland, Iraq and Ghana. The firm holds 10% (W.I.) of Frontier License 11/18, operated by Woodside, which is an oil and gas company in Australia. The company operates 100% of Frontier Exploration License (FEL) 3/14. The firm also operates 100% of License Option (LO) 16/24, close to mobile oil at the BP Connemara oil discovery. The company holds a 30% interest in a license agreement over a prospective onshore/offshore block in Ghana, which covers approximately 1,532 square kilometers (km2) Tano 2A Block. The firm holds an interest in the former Block 6 in the Western Desert, Iraq. The Company’s subsidiaries include Petrel Industries Limited, Petrel Resources of the Middle East Offshore S.A.L., Petrel Resources (TCI) Limited and Pan Andean Resources Limited.