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Petrel Resources (LON:PET) Shares Down 35 9%

Petrel Resources (LON:PET) Shares Down 35 9%
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Petrel Resources issues Development Proposal for Merjan Field

By John Lee. Irish-based Petrel Resources has claimed that an updated Merjan oil field development proposal has been submitted to the Ministry of Oil with a view to finalising a licence agreement. The company claims to have an interest in Iraq's Block 6 in the Western Desert, subject to ratification. Full text of the company

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