How are energy investors positioned?
DUBLIN - Petrel Resources plc (AIM:PET) held its Annual General Meeting on Wednesday in Dublin, where shareholders approved all proposed resolutions, according to a company press release.
The oil and gas exploration company’s board briefed attendees on existing and prospective projects, including exploration and development proposals to Iraqi authorities and ongoing discussions with Ghanaian officials regarding possible additional acreage.
Chairman David Horgan noted in his remarks that "the farm-out market for oil & gas projects remains subdued. But there has been strong demand growth for energy minerals." He added that economic powers are seeking to secure sources and processing capacity of Critical Resource Minerals, as demonstrated in trade negotiations.
Horgan also indicated that Petrel is exploring potential expansion into energy minerals, an area that has both market and government support, provided projects meet requirements for satisfactory title, financing, and governance standards.
The company stated that no new price-sensitive information was shared during the meeting beyond what was previously disclosed in Petrel’s 2024 Annual Report.
The meeting was held at the Hotel Riu Plaza The Gresham in Dublin. Petrel Resources is an exploration company listed on London’s AIM market, with interests focused on oil and gas opportunities.
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