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
This information is provided by RNS