RNS Number : 2360K
Petrel Resources PLC
26 July 2013
26 July 2013
Petrel Resources plc
("Petrel" or "the Company")
Potential acquisition
The Board of Petrel (AIM: PET) is pleased to announce that negotiations on a potential Iraqi investment are at an advanced stage whereby a private company with extensive hydrocarbon interests in Iraq would inject an asset into Petrel in return for a minority shareholding in Petrel as well as board representation.
ENDS
Enquiries:
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Petrel Resources Plc
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David Horgan, Managing Director
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+353 (0)87 292 3500
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John Teeling, Executive Chairman
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+353 (0)1 833 2833
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Northland Capital Partners Limited |
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John Howes / Alice Lane
Edward Hutton / Gavin Burnell
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+44 (0)20 7796 8800
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Blythe Weigh Communications |
+44 (0) 207 138 3204 |
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Tim Blythe
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+44 (0) 781 692 4626
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Eleanor Perry
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+44 (0) 755 129 3620
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Pembroke Communications |
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David O'Síocháin
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+353 (0) 1 649 6486
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This information is provided by RNS
The company news service from the London Stock Exchange