Petrel Resources sees no chance of Irish drilling

John Teeling-led exploration firm points to funding issues and growing opposition to oil and gas drilling

Petrel Resources chairman John Teeling: 'State policy has effectively stymied offshore exploration.'

Irish exploration company Petrel Resources is unlikely to ever be able to commercialise its offshore Ireland assets.

That is due to funding issues and a growing opposition to oil and gas drilling, according to chairman John Teeling.