Business
Update On Iraq
Update On Iraq.
About this update from Petrel Resources Plc
[{"type":"text","content":"\n RNS Number : 9802V Petrel Resources PLC 11 November 2010 \n \n\n11th November 2010\n \n \nUpdate on Iraq\n \n \nPetrel Resources (AIM:PET), the AIM listed oil and gas explorer, reports that work continues on the Subba & Luhais EPC project in southern Iraq.\n \nPetrel has received the second tranche of $2.5 million due under the arrangement between the Iraqi authorities and our Joint Venture partners.\n \nThe third tranche of $2.5 million is due in 6 months.\n \nThe expected formation of an Iraqi Government should clarify oil policy and enable Petrel to move forward with our Iraqi projects.\n \n \n \n\n \n\n \nEnquiries:\n \n\n\n\n\nPetrel Resources Plc\n\n\n\n\n\n\n\nDavid Horgan, Managing Director\n\n\n+353 (0)87 292 3500\n\n\n\n\nJohn Teeling\n\n\n+353 (0)1 833 2833\n\n\n\n\n\n\n\n\n\n\n\n\nNorthland Capital Partners Limited\n\n\n\n\n\n\n\nCharles Vaughan\nGavin Burnell\n \n\n\n+44 (0)20 7492 4750\n\n\n\n\n\n\n\n\n\n\n\n\nCollege Hill\n\n\n\n\n\n\n\nNick Elwes\n\n\n+44 (0)20 7457 2020\n\n\n\n\n\n\n\n\n\n\n\n\n \nwww.petrelresources.com\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCLLFVRLDLILII \n ","length":4678,"tagName":"div"}]