By John Lee.
Irish-based Petrel Resources Plc (LON: PET) has published its preliminary results for the year ended 31 December 2025.
Regarding prospects in Iraq, the company said:
"In Iraq, discussions continued regarding several potential development and gas monetisation opportunities. Iraq remains one of the world's most resource-rich hydrocarbon provinces and continues to offer significant long-term potential. During the year, the Company maintained engagement with government and industry stakeholders. While progress in Iraq can be very slow and often requires considerable patience, we continue to believe that the opportunities available justify our ongoing commitment ...
We will continue to pursue opportunities in Iraq and Ghana, evaluate additional opportunities capable of enhancing shareholder value and maintain strict financial discipline."
(Source: Petrel Resources)
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