Petrel Resources Plc Announces Posting of Annual Report and AGM Notice
The oil and gas exploration company has announced the posting of its annual report and notice of annual general meeting.
The oil and gas exploration company has announced the posting of its annual report and notice of annual general meeting.
The oil and gas explorer reported widening losses and a severe cash crunch, raising doubts about its ability to continue operations without significant funding.
The oil and gas explorer has raised £250,000 through a placing at a 45% discount, indicating low investor appetite and potentially a last resort funding measure.
The oil and gas explorer reported a €229,000 loss in its half-year results, with cash dwindling to €13,000. It's exploring a strategic pivot towards critical minerals, particularly Helium, to align with EU initiatives.
Oil and gas exploration company Petrel Resources publishes annual report and AGM notice.
Oil and gas exploration company Petrel Resources reports mounting losses and going concern uncertainty, posing challenges for its future.
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