Sunday May 31, 2020

Petrel shares rise on Porcupine Basin oil prospects

Dublin-based Petrel Resources saw its share price jump more than 15 per cent on London’s AIM market this morning after it said one of its offshore Ireland prospects has the capability to hold several hundred million barrels.

2nd April, 2013
David Horgan of Petrel Resources.

Dublin-based Petrel Resources saw its share price jump more than 15 per cent on London’s AIM market this morning after it said one of its offshore Ireland prospects has the capability to hold several hundred million barrels.

Petrel Resources, which has interests in Ghana, Ireland and Iraq, was announcing the results of initial analysis of its Quad 45 in a licencing option block in the east of the Porcupine Basin, which lies off the...

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