On the 14 January, 2020, the Company announced that it had become aware that between 17 December and 23 December 2019 the 'Tamraz group' transferred 37,336,538 ordinary shares of Euro 0.0125, in the capital of Petrel Resources plc, into the custody of Deutsche Bank Switzerland (Deutsche Bank Shares) held in Chase Nominees Limited.
The Company has now received the attached letter from the Tamraz group providing further explanation to the above.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014. The person who arranged for the release of this announcement on behalf of the Company was Jim Finn, Secretary.
A copy of this announcement is available on the Company's website, athttp://www.petrelresources.com or contact:
Blytheweigh - PR
Megan Ray
Madeleine Gordon-Foxwell
+44 (0) 207 138 3206
+44 (0) 207 138 3553
+44 (0) 207 138 3208
Teneo
Luke Hogg
Alan Tyrrell
Thomas Shortall
+353 (0) 1 661 4055
+353 (0) 1 661 4055
+353 (0) 1 661 4055
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Petrel Resources plc published this content on 10 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 February 2020 13:52:02 UTC
Petrel Resources plc is an oil and gas explorer company. The Company is focused on projects in Ireland, Iraq and Ghana. The Company holds 10% (W.I.) of Frontier License 11/18, operated by Woodside, which is an oil and gas company in Australia. It operates 100% of Frontier Exploration License (FEL) 3/14. The Company also operates 100% of License Option (LO) 16/24, close to mobile oil at the BP Connemara oil discovery. It holds a 30% interest in a license agreement over a prospective onshore/offshore block in Ghana, which covers approximately 1,532 square kilometers (km2) Tano 2A Block. The Company holds an interest in the former Block 6 in the Western Desert, Iraq. The Companyâs subsidiaries include Petrel Industries Limited, Petrel Resources of the Middle East Offshore S.A.L., Petrel Resources (TCI) Limited and Pan Andean Resources Limited.