Full coverage: Petrel Resources

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.

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.