10th 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 |
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| John Teeling, Chairman | +353 (0) 1 833 2833 |
| David Horgan, Director |
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| Nominated Adviser and Broker |
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| Beaumont Cornish - Nominated Adviser Roland Cornish
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| Novum Securities Limited - Broker |
+44 (0) 20 399 9400
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| Blytheweigh - PR
| +44 (0) 207 138 3206 +44 (0) 207 138 3553 +44 (0) 207 138 3208
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| Teneo Luke Hogg Alan Tyrrell Thomas Shortall |
+353 (0) 1 661 4055 +353 (0) 1 661 4055 +353 (0) 1 661 4055 |
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