Petrel Resources PLC Update (5205C)

TIDMPET

RNS Number : 5205C

Petrel Resources PLC

10 February 2020

10(th) February, 2020

Petrel Resources plc

("Petrel" or "the Company")

Update

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.

http://www.rns-pdf.londonstockexchange.com/rns/5205C_1-2020-2-10.pdf

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, at http://www.petrelresources.com or contact:

END

Enquiries:

 
            Petrel Resources 
 John Teeling, Chairman                  +353 (0) 1 833 2833 
 David Horgan, Director 
 
 Nominated Adviser and Broker 
 Beaumont Cornish - Nominated Adviser 
  Felicity Geidt 
  Roland Cornish                          +44 (0) 020 7628 3396 
 Novum Securities Limited - Broker 
  Colin Rowbury                            +44 (0) 20 399 9400 
 
 Blytheweigh - 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 
  Thomas Shortall                          +353 (0) 1 661 4055

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END

UPDDZGMZFGFGGZM

(END) Dow Jones Newswires

February 10, 2020 08:47 ET (13:47 GMT)

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