About Us

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

Petrel’s primary strategic objective is to identify and pursue early stage high quality and potentially material energy assets where the company can leverage off its core competencies, namely its people and experience to create significant shareholder value over a relatively short timeframe.
 
Petrel’s key asset is its 3.5 million acre tenements in the Norte Basin, Uruguay (held via a 51% interest in Scheupbach Energy International LLC). With increasing international attention turning to Uruguay after successful offshore licensing, the onshore assets in the Piedra Sola and Salto concessions represent an excellent first-mover opportunity for Petrel. Netherland, Sewell and Associates, Inc. (“NSAI”), as at 31 December 2014, have independently certified an unrisked gross Prospective Resource in the Salto and Piedra Sola concessions of up to 1,768 MMBBL (up to 902 MMBBL* to Petrel’s net 51% interest).
 
Petrel’s other major asset is a conventional gas project in Spain which has a Prospective resource of up to 3TCF, independently certified by Netherland, Sewell & Associates, Inc. (NSAI). Petrel also has a producing tight oil project in Canada, with IP’s ranging from 100-1,000 boe/d - 38°API (Lochend 100-350 boe/d).



Targeting oil and gas targets in Piedra Sola & Salto Concessions, 3.5 million acres. NSAI estimate prospective Resource in the Salto and Piedra Sola concessions of up to 1,768 MMBBL (up to 902 MMBBL* to Petrel’s net 51% interest).

Betic Alps Spain, Aljibe Formation
Targeting conventional sandstone gas reservoirs in 94,000 acres in Southern Spain
NSAI estimate prospective resource of up to 3TCF

LochendCardium, Alberta, Canada
Targeting “tight oil” in 6,400 acresin the Cardium region outside of Calgary
Petrel has an experienced management team with extensive experience in asset identification, exploration, appraisal, development and production. Managing Director and largest shareholder, David Casey was formerly the Managing Director of Eastern Star Gas (ESG), a NSW based energy exploration company, taken over by Santos in 2011 for more than $1.2bn. David’s fellow ESG directors, Alex Sundich, and former CFO, Ian Kirkham are also respectively Chairman and CFO of Petrel and both significant shareholders in their own right.

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