Executive Summary
Petrel Resources plc (LON:PET) is an Irish oil and gas exploration and development company with interests in Southern Iraq and Jordan. The company was established in the 1980s and was listed on the AIM of the London Stock Exhchange in 2000. In Iraq, Petrel Resources is developing the Subba and Luhais oil fields, producing 200,000 boe per day, and with the potential 120m cubic feet of gas. In Jordan, the company has oil and gas exploration interests in the East Safawi block. In 2009, Petrel Resources did not earn any revenue and it made a loss of €6.5m.
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