Fortbridge Media Release

Petrel Resources PLC [AIM:PET] - Porcupine Basin Data Room Opened and Farm Out Discussions Underway

Petrel Resources today announces that a data room has been opened in London for its two Licensing Options, 11/4 and 11/6, in the Porcupine Basin, Irish Atlantic Margin. The two Licensing Options cover 1,400 square kilometres, with licence 11/4 in the north of the basin, and 11/6 in the east of the basin.

The Directors have commenced negotiations with a number of oil and gas companies interested in participating in the two licences.

Petrel Resources is a diversified oil and gas exploration and production company, with interests in Ghana, Ireland and Iraq. The company has a signed petroleum agreement in Ghana, holds two licences in offshore Ireland and ongoing interests in Iraq.

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 Henry-Wickes / Alice Lane
Edward Hutton / Gavin Burnell +44 (0)20 7796 8800

Blythe Weigh Communications +44 (0) 20 7138 3204
Tim Blythe +44 (0) 781 692 4626
Robert Kellner +44 (0) 7800 554 377

Pembroke Communications
David O�Siochain +353 (0) 1 649 6486