By John Lee.
In a statement to the company's Annual General Meeting in Dublin on Wednesday, the Chairman of Petrel Resources, John Teeling, said that there is "virtually no activity" at the company's interests in Iraq.
"The Block 6 acreage in Anbar province is a no-go area. There remains a belief that the authorities in Wasit province will agree to exploration permits which will enable drilling by our partner Oryx Petroleum," he said.
(Source: Petrel Resources)