Petrel posts loss as new tenders announced

AIM-listed oil explorer Petrel has reported a pre-tax loss of €244,638 for the year ended December 31, 2003.

Petrel posts loss as new tenders announced
Thu, 24 Jun, 2004 - 11:14

AIM-listed oil explorer Petrel has reported a pre-tax loss of €244,638 for the year ended December 31, 2003.

The company has submitted tenders to the Iraqi Oil Ministry to develop three new oilfields. Detailed talks on the technical aspects of each tender are expected in July.

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