Source - LSE Regulatory
RNS Number : 7096C
Petrel Resources PLC
30 June 2016
 

 

                                                                                        

                                                                                         

 

 

                                                                                            

 

 

30th June 2016

Petrel Resources plc

("Petrel" or "the Company")

 

Commencement of Seismic Programme

 

The board of Petrel (AIM: PET) has been informed by the Company's farm in partner, Woodside Energy, that the Bréanann 3D seismic programme commenced on 27th June on Frontier Exploration Licence 3/14 in the Porcupine Basin, Irish Atlantic.  The total programme is over 2,400 km2, of which circa 40% relates to FEL 3/14, in which Petrel has a 15% carried interest.  The seismic parameters are state-of-the-art and the contractor is PGS.  The programme is expected to complete within 5 weeks, but the processed and interpreted results will require many months thereafter. A further announcement of the results will be made in due course.  Petrel is fully carried on the expenditure.

Ends

 

Enquiries:

 

For further information please visit http://www.petrelresources.com/ or contact:

 

Petrel Resources Plc

John Teeling, Chairman                                                                                        +353 (0) 1 833 2833

David Horgan, Director

Dipti Mehta

 

Nominated Adviser and Broker

Northland Capital Partners Limited

Edward Hutton / Gerry Beaney                                                                         +44 (0)203 861 6625

John Howes (Broking)

 

Public Relations

Blytheweigh                                                                                                             +44 (0)20 7138 3204

Tim Blythe                                                                                                                 +44 (0) 7816 924 626

Camilla Horsfall                                                                                                       +44 (0) 7871 841 793

Megan Ray                                                                                                                 +44 (0) 7515 857 619

Nick Elwes                                                                                                                 +44 (0) 7831 851 855

Rachael Brooks                                                                                                       

 

PSG Plus

Colm Heatley                                                                                                            +353 (0) 1 661 4055

Alan Tyrrell                                                                                                                +353 (0) 1 661 4055

 

 

www.petrelresources.com


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