Petrel Resources plc, the Dublin-based oil exploration at the centre of a High Court dispute between shareholders, this Monday morning issued an update to the stock exchange full of negative soundings on the relationship with the group of investors due to perform a reverse takeover of the company. Yet this group has since told The Currency that its members are still on board with Petrel. Petrel’s statement to London’s AIM exchange, where the company is listed, indicated that there was no progress on any of the key issues in the row opposing its board to investors led by Lebanese-American businessman…

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