PETREL RESOURCES

Petrel Resources reports the death of its chairman and co‑founder David Horgan at the age of 66. Horgan had been involved in founding several resource companies, previously served as commercial director at Kenmare Resources and held an MBA from Harvard Business School. The company said Jim Finn is expected to join Petrel’s board; further details will be announced later. » More on de.investing.com

At its annual general meeting in Dublin, Petrel Resources received shareholder approval for all proposed resolutions. The company provided updates on ongoing projects in Iraq, discussions about new license areas in Ghana, and a possible expansion into the energy minerals sector. No new price-sensitive information was disclosed beyond what was already published in the 2024 annual report. » More on de.investing.com

Petrel Resources published its 2024 financial statements, confirming no assets or liabilities in Iraq and ongoing license ratification processes. The company highlighted potential new opportunities in recovering and monetizing flared gas in southern Iraq and updated development proposals for the Merjan oil field. Petrel also responded to requests from Iraqi authorities on improving oil and gas export capacity, noting that bureaucratic barriers may be easing. » More on iraq-businessnews.com