TIDMPET

RNS Number : 3280I

Petrel Resources PLC

14 April 2022

14(th) April 2022

Petrel Resources plc

("Petrel" or "the Company")

Lifting of Court Injunction

Petrel Resources Plc ("Petrel" or "the Company") announces that the High Court injunction over the 32,086,538 Ordinary Shares previously held by the Tamraz Group have been lifted.

John Teeling and James Finn have acquired the 32,086,538 shares for GBP300,000 from EYCP LLC and SRT Capital SPC, Ltd.

John Teeling has acquired 21,086,538 shares at a price of .935p per share. Following this purchase John Teeling is the beneficial owner of 26,501,538 Ordinary Shares, representing 16.88% of the issued share capital.

James Finn has acquired 11,000,000 shares at a price of .935p per share. Following this purchase James Finn is the beneficial owner of 12,785,385 Ordinary Shares, representing 8.14% of the issued share capital.

Ends

For further information please visit http://www.petrelresources.com/ or contact:

 
            Petrel Resources 
 David Horgan, Chairman                  +353 (0) 1 833 2833 
 John Teeling, Director 
 
 Nominated Adviser and Broker 
 Beaumont Cornish - Nominated Adviser 
  Roland Cornish 
  Felicity Geidt                          +44 (0) 020 7628 3396 
 
   Novum Securities Limited - Broker 
   Colin Rowbury                           +44 (0) 20 399 9400 
 
 BlytheRay - PR                          +44 (0) 207 138 3206 
  Megan Ray                               +44 (0) 207 138 3553 
  Madeleine Gordon-Foxwell                +44 (0) 207 138 3208 
 
 Teneo 
  Luke Hogg                                +353 (0) 1 661 4055 
  Alan Tyrrell                             +353 (0) 1 661 4055 
  Ciara Wylie                              +353 (0) 1 661 4055

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END

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April 14, 2022 02:00 ET (06:00 GMT)

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