Petrel Resources PLC Replacement: Proposed Work Programme (3693M)
October 12 2016 - 5:57AM
UK Regulatory
TIDMPET
RNS Number : 3693M
Petrel Resources PLC
12 October 2016
The following amendments have been made to the ' Proposed Work
Programme at Tano Acreage in Ghana' announcement released on 12
October 2016 at 11:33 under RNS No 3647M.
Rewording of paragraph two.
All other details remain unchanged.
The full amended text is shown below.
12(th) October 2016
Petrel Resources plc
("Petrel" or "the Company")
Proposed Work Programme at Tano Acreage in Ghana
The Directors of Petrel (AIM: PET) are pleased to announce that,
further to the announcement of 19th September 2016, a proposed work
programme on the Tano acreage offshore Ghana has been submitted to
the Ghanaian authorities in Accra. The new work programme will form
part of the ongoing negotiations regarding the terms of acquiring
an exploration licence for the Tano Basin acreage.
The Company's directors look forward to providing shareholders
with further updates, including specific geological information
relating to the new acreage co-ordinates (which are also subject to
final agreement) and the subsequent exploration plans, as
negotiations progress.
At present, no assurances can be given that the ongoing
negotiations will lead to a successful outcome for the Company.
Petrel's Ghanaian affiliated company, Pan Andean Resources
(Ghana) Limited, is a private Ghanaian company held 30% by Petrel
Resources, 60% by Clontarf and 10% by local Ghana interests.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
Ends
Enquiries:
For further information please visit
http://www.petrelresources.com/ or contact:
Petrel Resources Plc
John Teeling, Chairman +353 (0) 1 833 2833
David Horgan, Director
Dipti Mehta
Nominated Adviser and Broker
Northland Capital Partners Limited
Edward Hutton / Gerry Beaney +44 (0)203 861 6625
John Howes (Broking)
Public Relations
Blytheweigh +44 (0)20 7138 3204
Tim Blythe +44 (0) 7816 924 626
Camilla Horsfall +44 (0) 7871 841 793
Nick Elwes +44 (0) 7831 851 855
Rachael Brooks
Jonathan Garfield
PSG Plus
Colm Heatley +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
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October 12, 2016 06:57 ET (10:57 GMT)