Petrel Resources (LON:PET)‘s stock had its “corporate” rating reaffirmed by equities research analysts at Northland Securities in a research report issued to clients and investors on Tuesday.

LON:PET opened at GBX 2.55 ($0.03) on Tuesday. Petrel Resources has a 12 month low of GBX 1.25 ($0.02) and a 12 month high of GBX 4.88 ($0.06).

Petrel Resources Company Profile

Petrel Resources Plc, together with its subsidiaries, operates as a junior oil and gas exploration company. The company holds a 15% interest in 475 square kilometers of prospective acreage; and owns 100% licensing options covering an area of 924 square kilometers in Porcupine Basin, Ireland. It also holds a 30% interest in the Tano 2A Block covering 1,532 square kilometers located in Ghana; and interests in various licenses situated in Wasit province in Iraq.

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