REG - Petrel Resources PLC - Tano 2A Block Update

Petrel ResourcesAnnouncement

17/09/2018 07:05

RNS Number : 8799A
Petrel Resources PLC
17 September 2018
 


                                                                                      
 
                                                                                        
                                                                                         
 
 
                                                                                            
 
 
17th September 2018
 
Petrel Resources plc
("Petrel" or "the Company")
 
Update regarding contract for the Tano 2A Block
 
Petrel Resources, the oil and gas exploration company with an interest in Ghana, is pleased to announce that the Company's Directors believe they have resolved the outstanding issues with the Ghana National Petroleum Corporation (GNPC) regarding a contract for the development of the Tano 2A Block (the 'Petroleum Agreement').  As such, all legal proceedings have been withdrawn and the Company looks forward to making further announcements regarding the Petroleum Agreement in due course.
 
David Horgan, Director, commented:
"We are delighted to report that all outstanding issues have now been resolved with GNPC regarding our Tano 2A Block.  All legal proceedings have been withdrawn so, after normal consultations, the next stage is for the Petroleum Agreement to be sent to Cabinet for review.  I look forward to providing further announcements as appropriate."
 
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
 
ENDS
 
 
For further information please visit http://www.petrelresources.com/  or contact:
 
Enquiries:
 



Petrel Resources








John Teeling, Chairman


+353 (0) 1 833 2833




David Horgan, Director


















Nominated Adviser and Broker








Northland Capital Partners Limited








David Hignell / Edward Hutton (Corporate Finance)


+44 (0) 20 3861 6625




Rob Rees / Isabella Pierre
 


















Public Relations








Blytheweigh


+44 (0) 207 138 3206




Simon Woods


+44 (0) 746 643 9633




Camilla Horsfall


+44 (0) 787 184 1793














 
Teneo PSG








Luke Hogg


+353 (0) 1 661 4055




Alan Tyrrell


+353 (0) 1 661 4055



 




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