• Petrel Energy Limited (ASX Code: PRL) is an Australian based petroleum exploration, development and production company with projects in Uruguay, Spain and Canada.

  • Petrel Energy Limited (ASX Code: PRL) is an Australian based petroleum exploration, development and production company with projects in Uruguay, Spain and Canada.

  • Petrel Energy Limited (ASX Code: PRL) is an Australian based petroleum exploration, development and production company with projects in Uruguay, Spain and Canada.

  • Petrel Energy Limited (ASX Code: PRL) is an Australian based petroleum exploration, development and production company with projects in Uruguay, Spain and Canada.

  • New Partner for Spain

    AIM listed Prospex Oil and Gas Plc will acquire up to a 49.9% of the Tesorillo Project in Southern Spain. Sale proceeds of €2m will fund Petrel’s share of the proposed €3.8m work programme which includes magnetotelluric acquisition and if successful a well to target the Almarchal-1 discovery drilled in 1956.

    New Partner for Spain read more +     lee mas +
  • North Perth Basin Option

    Petrel has extended its 12-month option over STP-EPA-0127 which covers 2.2m acres in the Perth Basin and contains almost all of the Coolcalalaya Sub Basin which is underlain by up to 9,000 metres of Neo Proterozoic, Paleozoic and Mesozoic sediments with a principal focus on the Devonian through to Permian. It is 130 km north of the AWE-Beach Waitsia play which has re-invigorated Perth Basin exploration and development and is the largest onshore conventional gas discovery in Australia for the last 40 years.

    read more +     lee mas +
  • New investor to fund Tesorillo Project in Spain

    A new partner has been found to fund the appraisal of the Almarchal-1 discovery well first drilled in 1956 in southern Spain. SEI will sell up to 49.9% of the Tesorillo project in return for a work programme costing up to €3.8m which includes MT and 1 well. Prospex Oil and Gas Plc bring experience and recent production success in similar European fore-deep geological plays

    read more +     lee mas +