BIG WAVE
01-05-2006, 11:43 PM
02 December 2005 - Petrel Signs Iraqi Contract
Further to the announcement made on September 7th 2005, Petrel is pleased to announce that it has formally signed on 1st December 2005 the Subba & Luhais oil field development services contract with the Iraq Ministry of Oil.
The project is to develop existing reserves to raise production from under 50,000 barrels of oil daily to over 200,000 barrels of oil and 120 million cubic feet of gas daily.
Petrel has mobilized a development team: initial work is mainly engineering design. We plan to conduct site surveys in close cooperation with Iraqi Ministry of Oil officials early in 2006.
The Subba & Luhais oil field development services contract is for $197.4 million.
http://www.petrelresources.com/_latestNews/News.asp
Friday January 6, 2006
Petrel Resources rose 5p to 64p, taking its gains over the past two days to 20%, amid rumours of further oil exploration contracts in Iraq.
http://business.guardian.co.uk/story/0,16781,1680365,00.html
Probably is nothing, but I thought I'd post it anyway.
Further to the announcement made on September 7th 2005, Petrel is pleased to announce that it has formally signed on 1st December 2005 the Subba & Luhais oil field development services contract with the Iraq Ministry of Oil.
The project is to develop existing reserves to raise production from under 50,000 barrels of oil daily to over 200,000 barrels of oil and 120 million cubic feet of gas daily.
Petrel has mobilized a development team: initial work is mainly engineering design. We plan to conduct site surveys in close cooperation with Iraqi Ministry of Oil officials early in 2006.
The Subba & Luhais oil field development services contract is for $197.4 million.
http://www.petrelresources.com/_latestNews/News.asp
Friday January 6, 2006
Petrel Resources rose 5p to 64p, taking its gains over the past two days to 20%, amid rumours of further oil exploration contracts in Iraq.
http://business.guardian.co.uk/story/0,16781,1680365,00.html
Probably is nothing, but I thought I'd post it anyway.