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Petrel Resources PLC (LON:PET) has been reiterated to Corporate in a statement by Northland Capital earlier today.

Having a price of 7.88GBX, Petrel Resources PLC (LON:PET) traded 0.00% even on the day. With the last close up 33.53% from the two hundred day average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day average of 6.59GBX and two hundred day average of 5.27GBX. Trading volume was was down over the average, with 8,000 shares of PET changing hands under the typical 144,529 shares.

Northland Capital has reiterated Petrel Resources PLC(LON:PET) to Corporate in a statement released Monday September 19 2016.

Recent Performance Graphic:

Petrel Resources PLC (LON:PET)

A total of 1 analysts has issued a research note on PET. Zero rate the company a strong buy, 0 rate the company a buy, 0 analysts rate the stock a hold, 0 rate the stock to underperform, and lastly 0 analystsrate the company as sell with a one year target of 0.20GBX

Petrel Resources PLC has a 52 week low of 2.25GBX and a one-year high of 8.30GBX and has a market capitalization of 0.0 GBX.

Brief Synopsis About Petrel Resources PLC (LON:PET)

Petrel Resources plc is a junior oil and gas exploration company with activities in Iraq, Ghana and Ireland. The Company is active in the Irish offshore Atlantic Margin, Ghana’s Tano Basin and Iraq. The Company holds an interest in over 1, 050 kilometers of prospective acreage in the Porcupine Basin of the Irish offshore. The Company has two frontier exploration licenses (FELs), which include FELs 3/14 and 4/14. The Company also owns and operates approximately 920 square kilometers Licensing Options in the Porcupine Basin. Its license options include the north-western Porcupine License Option, which includes Block 35/01 and the available portion of Block 35/02, and Block 26/26 and the available portion of Block 26/27. The second License Option in the Eastern Porcupine includes the entirety of Block 45/27. The Company also holds interest in a signed Petroleum Agreement in the Ghanaian Tano 2A Block, and close to circa two billion barrels of recent discoveries.

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