Petrel Resources PlcLSE: PET

Board Change

· Issued by Petrel Resources Plc
RNS Number : 7728U
Petrel Resources PLC
03 January 2013
 

3 January 2013

Petrel Resources plc

("Petrel" or the "Company")

Board Change

It is with great regret that the board reluctantly accepts the resignation with immediate effect of Guy Delbès. Following his 84th birthday Guy is seeking to reduce his business interests.

A former French diplomat, Guy Delbès has served with distinction on the Board of Petrel Resources plc since 2000.  His energy and optimism belie his five decades of Middle East experience.

A fluent Arabic speaker, Guy facilitated the Company's entrance into the Iraqi Oil Industry.  Throughout the period of sanctions and conflict, he operated in hazardous and challenging environments without complaint and displayed a quiet courage that calmed everyone he worked with.  He led from the front, travelling in Baghdad and elsewhere during the worst of the issues in-country.  He was always courteous, exuding an air of experience and agreeable authority that calmed nervous young militia at check-points.

The Company will be appointing a replacement non-executive Director on or before 8th February 2012.

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 recently completed an exploration and production joint venture contract in Iraq.

Enquiries:

Petrel Resources Plc

David Horgan, Managing Director

+353 (0)87 292 3500

John Teeling

+353 (0)1 833 2833

Northland Capital Partners Limited

John Henry-Wickes / Alice Lane

Gavin Burnell

+44 (0)20 7796 8800

Blythe Weigh Communications

+44 (0) 20 7138 3204

Tim Blythe

+44 (0) 781 692 4626

Robert Kellner

Kawthar Badda

+44 (0) 7800 554 377

+44 (0) 7534 508 647

Pembroke Communications

David O'Siochain

+353 (0) 1 649 6486

www.petrelresources.com


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