Petrel expects operations to speed up

Irish explorer Petrel Resources said it expects operational activity to speed up in the coming months.

A busy summer has seen the Dublin-based company — which, yesterday, published improved first-half results — buy a 20% stake in Iraqi firm, Amira Hydrocarbons Wasit and sell an 85% stake in its interests in the Porcupine Basin to Australian exploration firm, Woodside.

Upcoming work will take in each of the AIM-listed company’s focus points of Iraq, Ireland and Ghana.