The stake of Petrel Resources’ largest shareholders remains frozen by a court order, but the company and its new investors have agreed to put the dispute down to an alleged fraudulent loan default triggered by a US lender – and plough ahead.
Petrel Resources’ share price has been on a rollercoaster since it unveiled takeover plans by investors with deep connections in the Middle East. Less than six months into their honeymoon, the partners are lawyering up.
© 2026 Currency Media Limited
