REG - Petrel Resources PLC - Death of David Horgan

Petrel ResourcesAnnouncement

29/10/2025 11:00

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RNS Number : 3422F  Petrel Resources PLC  29 October 2025

 

 

162 Clontarf Road

Dublin 3,
D03 F6T0
Ireland

Tel: +353 1 833 2833

Fax: +353 1 833 3505

info@petrelresources.com

www.petrelresources.com

 

 

 

 

 

 

 

29(th) October 2025

 

Petrel Resources plc

("Petrel" or "the Company")

 

Death of David Horgan

 

 

It is with the deepest sadness that we announce the passing of David Horgan.
David was a cofounder and chairman of Petrel Resources Plc, cofounder and
chairman of Clontarf Energy Plc, a cofounder and director of Botswana Diamonds
Plc and founder chairman of Greenore Gold Plc.

 

David, aged 66 at the time of his death, was born in Belfast, had his Primary
Education in Dublin, his High School in British Colombia, received a
first-class honours law graduate from Cambridge in England and obtained a
Master's in Business Administration from Harvard Business School.

 

His early professional career was overseas with the Boston Consulting Group.
He returned to Ireland in 1991 to pursue his interest in Natural Resources.
After a short period with Goffs, he joined Kenmare Resources where he became
Commercial Director until 1992 when he joined John Teeling and Jim Finn with
their stable of resource companies based in Clontarf, in Dublin.

 

John Teeling and Jim Finn, in a joint comment, "The death of David Horgan is a
deep personal loss to each of us. In over three decades together we have
created, financed, managed and listed a series of early-stage exploration
ventures in a variety of natural resources. He revelled in high stakes, high
risk resources exploration. He was fearless travelling in dangerous
territories, traipsing across swamps or exploring long abandoned mines. He
spoke eight languages. After ten days or so in a new country he could converse
with locals in their own language and actively participate in local culture
and traditions.

 

Early-stage exploration is very high risk. Our small group had some successes
operating gold mines in Zimbabwe, selling off oil licences in Peru and
discovering a diamond mine in Botswana. The last decade has been hard on
explorers. Little or no investor interest in our activities. David had a
simple message - no exploration, no mines, no transition to green energy. His
passing, just as the message seems to be getting traction, is ironic. He is a
huge loss for his friends, family, colleagues, shareholders and the wider
Irish Resource sector.

 

Ar dheis de go raibh a ainm".

 

Following the loss of David, it is intended that Jim Finn will join the Petrel
board. A further announcement will be made shortly.

 

 

 

 

Ends

 

 

 

 Petrel Resources
 John Teeling, Director                   +353 (0) 1 833 2833

 Strand Hanson Limited - Nominated &      +44 (0) 20 7409 3494

 Financial Adviser

 Richard Johnson

 James Bellman

 Novum Securities Limited - Broker

Colin Rowbury

                                          +44 (0) 20 399 9400

 BlytheRay - PR                           +44 (0) 207 138 3204

Megan Ray

 Teneo

 Luke Hogg                                +353 (0) 1 661 4055

 Molly Mooney

 Ciara McNamee

 

 

 

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