Petrel Resources plc ("Petrel" or the "Company")
Ministerial Consent to Assignment and Transfer of Operatorship
Petrel Resources plc is pleased to announce that the Minister of State at the Department of Communications, Energy and Natural Resources has granted his consent to the assignment of an 85% interest and transfer of operatorship in Licence Options 11-4 and 11-6 to Petrels Joint Venture Participant, Woodside.

The way is now clear for the Joint Venture to apply for a Frontier Exploration Licence, involving a comprehensive work programme. Welcoming the news, Petrels Managing Director David Horgan commented: Woodsides arrival in the Porcupine Basin of the Irish Atlantic is an important development for Irish exploration.

Woodside, Australias largest gas exporter, has shown how to find, develop and market hydrocarbons safely, sensitively and profitably.

They bring innovation and an open mind to the challenging but high potential Irish Atlantic Margin.
ENDS Enquiries: Petrel Resources Plc
David Horgan, Managing Director +353 (0)87 292 3500 John Teeling, Executive Chairman +353 (0)1 833 2833
Northland Capital Partners Limited
John Howes / Alice Lane Edward Hutton / Gavin Burnell +44 (0)20 7796 8800
Blythe Weigh Communications +44 (0) 207 138 3204 Tim Blythe +44 (0) 781 692 4626 Eleanor Perry +44 (0) 755 129 3620 Halimah Hussain +44 (0) 772 597 8141
Pembroke Communications
David OS�och�in +353 (0) 1 649 6486
www.petrelresources.com