Overview
Petrel Resources' petroleum is located under the sands of strife-torn Iraq. The oil and gas company had signed a working agreement to explore Block 6 in Iraq's Western Desert during the reign of Saddam Hussein. Following the fall of Saddam, Petrel Resources has been seeking an agreement to develop three existing oil fields in Southern Iraq, while it renegotiates its Western Desert arrangements with the Iraqi government. It secured the first and
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Read More largest contract awarded since 2003 by the Iraqi Ministry of Oil. Its core interest since 1999 has been the Subbha & Luhais project. The company also has exploration interests in Jordan and Syria. Petrel Resources was founded in 1982 as Kish Developments.
Read Less
Read More largest contract awarded since 2003 by the Iraqi Ministry of Oil. Its core interest since 1999 has been the Subbha & Luhais project. The company also has exploration interests in Jordan and Syria. Petrel Resources was founded in 1982 as Kish Developments.
Read Less
DAVID HORGAN
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Support Activities for Mining
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Mining, Quarrying, and Oil and Gas Extraction
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Oil and gas field services, nec
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Estimated
$176,712
Actual
$0
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London SETS:PET
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Financial Data
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Financial data as of December 31, 2023 (12 month period) in USD
Annual Revenue
$176,712
USD
Modelled
1 USD = 0.8785 EUR
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Net Operating Cash | -$0 | -$0 | -$0 |
| Net Investing Cash | $ | $ | -$0 |
| Net Financing Cash | $0 | $0 | $ |
| Net Change in Cash | -$0 | $0 | -$0 |
| Cash at Beginning of Period | $0 | $0 | $0 |
| Cash at End of Period | $0 | $0 | $0 |
| Capital Expenditure | $ | $ | -$0 |
| Assets (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $0 | $0 | $0 |
| Accounts Receivable | $ | $ | $ |
| Inventories | $ | $ | $ |
| Other Current Assets | $0 | $0 | $0 |
| Asset Summary | |||
| Total Current Assets | $0 | $0 | $0 |
| Tangible Fixed Assets | $1 | $1 | $1 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $1 | $1 | $1 |
| Liabilities (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $ | $ | $ |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $1 | $1 | $1 |
| Liability Summary | |||
| Total Current Liabilities | $1 | $1 | $1 |
| Long-Term Debt | $ | $ | $ |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $1 | $1 | $1 |
| Stakeholder's Equity (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Equity | |||
| Common Stock | $3 | $3 | $2 |
| Retained Earnings | -$28 | -$27 | -$27 |
| Equity Summary | |||
| Total Equity | -$0 | $0 | $0 |
| Shares Outstanding | 178,871,800 | 177,871,800 | 157,038,467 |