MARKET RELEASE

12 January 2015

Petrel Energy Limited

TRADING HALT

The securities of Petrel Energy Ltd (the "Company") will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Wednesday, 14 January 2015 or when the announcement is released to the market.

Security Code: PRL

Stephanie Yong

Senior Adviser, Listings Compliance (Sydney)


12 January 2015
Ms Stephanie Yong
Senior Advisor, Issuers (Sydney) ASX Limited
Level 6, Exchange Centre
20 Bridge Street
SYDNEY NSW 2000
Dear Stephanie

Request for Trading Halt

Petrel Energy Limited (Petrel) requests an immediate trading halt be granted by the Australian
Securities Exchange (ASX) with respect to its ordinary shares. In accordance with ASX Listing Rule 17.1 Petrel advises:
1. the trading halt is requested until such time as approvals are received from ANCAP (Uruguay National Oil Company) for an announcement regarding Petrel's Uruguay concessions in accordance with the obligations owed to ANCAP as a condition of having the licence;
2. the trading halt is to last until the earlier an announcement by the Company regarding Petrel's
Uruguay concessions or the commencement of trade on Wednesday, 15 January 2015;
3. it is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.
Yours sincerely

Ian Kirkham

Company Secretary

Petrel Energy Limited | Level 3, 10 Bridge Street, Sydney NSW 2000 | T: +612 9254-9000 | F: +612 9252-0255

E: office@petrelenergy.com | www.petrelenergy.com | ABN 82 125 394 667

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