Petrel Resources PLC Update on Petrel JV with Woodside Energy (9733F)
February 27 2018 - 2:00AM
UK Regulatory
TIDMPET
RNS Number : 9733F
Petrel Resources PLC
27 February 2018
27(th) February 2018
Petrel Resources plc
("Petrel" or "the Company")
Update on Petrel Joint Venture with Woodside Energy
Petrel Resources plc is pleased to announce its receipt, after
Government approval, of a 10% interest in Licensing Option 16/14,
which is operated and currently held 100% by Woodside Energy. LO
16/14 is a 1,579 km(2) Licensing Option, approximately 150km
southwest of Ireland, which covers Blocks 54/11, 54/12, 54/13,
54/16, 54/17 & 54/18.
The partners have applied to convert the Licensing Option to a
full Frontier Exploration Licence. An extensive 3D state-of-the-art
seismic survey was acquired by contractor PGS during summer 2016.
This 'Granuaile' dataset has been processed by Down Under
GeoSolutions, and final products are due to be delivered to the
Operator shortly.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
ENDS
For further information please visit
http://www.petrelresources.com/ or contact:
Enquiries:
Petrel Resources
John Teeling, Chairman +353 (0) 1 833 2833
David Horgan, Director
Nominated Adviser and Broker
Northland Capital Partners
Limited
Edward Hutton / Gerry Beaney
(Corporate Finance) +44 (0) 20 3861 6625
John Howes
Public Relations
Blytheweigh +44 (0) 207 138 3204
Nick Elwes +44 (0) 783 185 1855
Camilla Horsfall +44 (0) 787 184 1793
Teneo PSG
Luke Hogg +353 (0) 1 661 4055
Alan Tyrrell +353 (0) 1 661 4055
This information is provided by RNS
The company news service from the London Stock Exchange
END
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