Sale of shares in Petrel Resources cancelled due to non-payment
Oil and gas explorer chaired by John Teeling has been in dispute with the Tamraz group
Oil and gas explorer chaired by John Teeling has been in dispute with the Tamraz group
Petrel Resources said it can’t proceed to hand over second tranche of shares at present
Company says director agrees to stand aside from his duties as investigation continues
Exploration group claims shares traded in breach of regulatory rules
Company is also looking into payment for second tranche of shares from Tamraz
Company is also looking into possible breach of lock-in agreement over share sale
Explorer focusing on offshore Ireland plans, Ghana deal and rebuilding Iraqi presence
Ghana review of agreements is underway
Company has interests in Ghana, Ireland and Iraq
Oil explorer looking to re-enter Iraq after first-half focus on Porcupine
Petrel Resources looking at joint facility in Crimea against backdrop of sanctions
Petrel Resources executive David Horgan held informal talks about LNG project
Company passed all resolutions at its annual general meeting on Monday
Annual results show company made loss of €256,505, with net assets of €6.7m
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Chairman John Teeling tells agm ‘virtually no activity’ is taking place in its Iraq assets
‘Lack of interest’ in junior explorers hits shares in company
Row involving Irish companies centred on an alleged rowback of decision to grant licence
Petrel Resources and Clontarf Energy believed they were awarded a licence . . .
Hearings relating to row with Ghana authorities over Tano 2A licence to be heard next week
Dispute concerns an alleged agreement to award Irish companies exploration licence
Company has taken legal action along with its partner Clontarf Energy against government
Irish based exploration firm says it has strengthened its Iraqi investment
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