Petrel bullish on Iraqi oil project

Irish exploration company Petrel has placed over seven million shares at 13p each in a private placing with a small number of institutions raising £959,000 (€1.402m).

Petrel bullish on Iraqi oil project

Irish exploration company Petrel has placed over seven million shares at 13p each in a private placing with a small number of institutions raising £959,000 (€1.402m).

Funds raised will be used to advance the company's Iraqi oil interests according to a statement released by the company today.

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