Porcupine Basin Data Room Opened and Farm Out Discussions Underway
London, May 14, 2013 AEST (ABN Newswire) - Petrel Resources (
LON:PET) today announces that a data room has been opened in London for its two Licensing Options, 11/4 and 11/6, in the Porcupine Basin, Irish Atlantic Margin. The two Licensing Options cover 1,400 square kilometres, with licence 11/4 in the north of the basin, and 11/6 in the east of the basin.
The Directors have commenced negotiations with a number of oil and gas companies interested in participating in the two licences.
Petrel Resources is a diversified oil and gas exploration and production company, with interests in Ghana, Ireland and Iraq. The company has a signed petroleum agreement in Ghana, holds two licences in offshore Ireland and ongoing interests in Iraq.
Contact
Enquiries:
Petrel Resources Plc
David Horgan
Managing Director
+353 (0)87 292 3500
John Teeling
Executive Chairman
+353 (0)1 833 2833
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