Petrel Resources losses deepen as it focuses on Iraq
15th Jun 2020 09:10
(Sharecast News) - Petrel Resources reported a significant deepening of its operating loss in its preliminary results on Monday, to €1.96m (£1.76m), from €0.24m a year earlier.
Read morePetrel raises £0.25m as it looks to restart Iraq development
26th May 2020 12:49
(Sharecast News) - Petrel Resources has arranged a placing with ETX Capital to raise £0.25m before expenses through the issue of 7,692,308 new ordinary shares at a price of 3.25p each, it announced on Tuesday.
Read morePetrel asks shareholders to approve share issue to private equity group
1st Nov 2019 12:28
(Sharecast News) - Petrel Resources dispatched a circular to shareholders on Friday, giving notice of an extraordinary general meeting to be held on 21 November, at which approval would be sought to issue 64,035,976 new ordinary shares at 1.25 euro cents per share to the 'Concert Party'.
Read morePetrel raises £0.4m via placing
26th Sep 2018 15:23
(Sharecast News) - Petrel announced on Wednesday that it has raised £0.4m before expenses via the placing of 21,621,622 ordinary shares with new investors, at a price of 1.85p per placing share.
Read morePetrel accepts two options in Irish Atlantic
10th Jun 2016 14:34
(ShareCast News) - Oil and gas exploration company Petrel Resources announced on Friday that it has formally accepted two new Licensing Options in the Porcupine Basin, offshore Ireland, as part of phase two of the 2015 Atlantic Ireland licensing round. The AIM-traded firm confirmed it is the 100% op
Read moreLondon midday: FTSE 100 extends losses as insurers and retailers fall
9th Jul 2014 12:03
- Admiral, Aviva lead markets lower - FTSE 100 on track for worst finish since late April - Retailers fall as UK retail prices fall 1.8% - Investors nervous ahead of Fed minutes techMARK 2,777.53 -0.59% FTSE 100 6,708.55 -0.44% FTSE 250 15,526.79 -0.80% UK stocks were heading for their worst finis
Read moreClontarf Energy and Petrel Resources in talks over Ghana oil row
4th Jun 2014 13:59
Shares in Clontarf Energy and Petrel Resources shot up on news that talks had begun to try to resolve a legal dispute over an oilfield that they own in Ghana. Clontarf's stock climbed 0.25p or 50% to 0.75p by 14:06 in London as Clontarf and Petrel said legal action they had launched to prevent a ri
Read morePetrel Resources and Clontarf Energy take legal action in Ghana
25th Mar 2014 15:03
African oil explorers Petrel Resources and Clontarf Energy are taking legal action to stop rivals potentially drilling for oil in a block in Ghana which they own. Petrel and Clontarf have told their lawyers to seek an injunction to prevent the award of any part of their Tano 2A block, in which they
Read morePetrel Resources buys Iraqi oil firm
14th Aug 2013 12:01
Oil & gas explorer Petrel Resources is buying a fifth of an Iraqi oil company in a cash-and-shares deal. Petrel is acquiring a 20% share in special purpose vehicle Amira Hydrocarbons Wasit, which owns a quarter of some oil and gas exploration and production licences in Iraq's Wasit province, from A
Read moreData room opened for Petrel Resources' Irish licences
14th May 2013 08:58
AIM-listed diversified oil and gas exploration and production company Petrel Resources has reported that a data room has been opened in London for its two licensing options- 11/4 and 11/6 - located in the Porcupine Basin in the Irish Atlantic Margin. The two Licensing Options cover 1,400 square ki
Read morePetrel Resources soars following completion of initial work in Porcupine Basin
2nd Apr 2013 09:48
Diversified oil and gas exploration company Petrel Resources has completed initial work on two prospective licencing options in the Porcupine Basin in offshore Ireland. The company said it was moving forward in talks with prospective partners. The company reported that in addition to previously
Read moreResources round-up: Petrel, Nostra Terra, Mercom
12th Nov 2012 15:19
Irish oil exploration group Petrel Resources took flight after saying detailed modelling of Quad 35, part of its 11/4 licensing option in the Irish Atlantic Margin, indicated a potential payload of one billion barrels. As an added bonus, the targets are accessible with one well. The Nostra Terra O
Read moreThursday broker round-up - UPDATE
18th Oct 2012 09:24
Ashtead: UBS raises target from 375p to 400p, buy rating kept. ASOS: Panmure Gordon keeps buy rating and 2,530p target. AZ Electronic Materials: Goldman Sachs upgrades to conviction buy. Booker: Panmure Gordon keeps buy rating and 108p target. Britvic: Panmure Gordon keeps hold rating and 380p t
Read morePetrel 'encouraged' with results at Porcupine Basin
20th Sep 2012 08:31
Shares in Irish oil exploration group Petrel Resources got a boost on Thursday after the company said the first two phases of work on the northern and eastern sections of the Porcupine Basin are complete, with several new targets having been identified. The firm said it was "encouraged" by results
Read moreResource round-up: Oxus, Petrel Resources, Stellar Diamonds
18th Sep 2012 10:29
Shares in Oxus Gold rocketed 47% after it said accountants had submitted a detailed assessment of losses as it continues to battle the government of Uzbekistan over the taking of two of its mineral assets in the country. The firm added the Uzbek government had agreed to temporarily suspend its $10.8
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