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Full coverage: Petrel Resources

“In no sense is the oil age ending”: Petrel chair slams renewable “wishful thinking” but has yet to show oil or gas to investors

David Horgan gives an upbeat assessment of the oil and gas industry in the company’s annual report ahead of next week’s AGM. Will Petrel Resources’ beleaguered shareholders benefit from this “time of exceptional opportunity”?

Thomas Hubert
29th Jul, 2022 - 3 min read

Petrel epilogue: How cunning American lenders walked away with at least £1m

Two years ago, a small Dublin oil company was rocked by alleged fraudulent share sales that ruined plans for its majority takeover by Middle-Eastern investors. A deal to close the dispute reveals who won, who lost, and how much.

Thomas Hubert
14th Apr, 2022 - 2 min read

A takeover with no shares: endgame in Petrel shareholder dispute

Although both the Irish oil explorer’s board and new investors led by businessman Roger Tamraz say they want to keep working together, the cancellation of disputed shares earmarked for a reverse takeover leaves little room for their grand plan to take place.

Thomas Hubert
18th May, 2020 - 3 min read

Battle of Clontarf: The ‘fraudulent’ loan, the mysterious investor and the Irish oil explorer

Since a January High Court injunction froze dealings between the Irish oil explorer Petrel Resources and its new largest shareholders, their stake has remained under the threat of a loan agreement signed with a mysterious US lender.

Thomas Hubert
20th Apr, 2020 - 4 min read

Petroleum poker: loan blame game, CIA-linked investor and sun-drenched oil fields hold Petrel deal together

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.

Thomas Hubert
28th Jan, 2020 - 9 min read

Petrel investors say they are victim of “fraudulent” share grab by US-based lender

A stake held by businessman Roger Tamraz and his associates at the centre of a dispute between Clontarf oil explorer Petrel Resources and its new majority owners remains frozen by the courts as allegations of an unlawful loan default emerge.

Thomas Hubert
24th Jan, 2020 - 2 min read

From Iraq to the High Court: how Petrel’s deal with Tamraz-led group unravelled

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.

S. Keyes and T. Hubert
17th Jan, 2020 - 6 min read
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