Edison Investment Research - Petrel Energy (PRL) Initiation: Upside in the Pampas

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Edison Investment Research

Initiation: Upside in the Pampas

Petrel Energy has working interests in near-term drilling in Spain and a commanding land position in Uruguay with potential for significant conventional and unconventional prospects. The success of farm-out activity in Spain and disposal of Canadian assets will determine the cash burn rate and exercise of options for further interest in Uruguay and Spain.

10/07/2014 12 EN

Underlying

Petrel Energy

Petrel Energy is engaged in the exploration and development of oil and gas resources in Uruguay, Spain and Canada.

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AU000000PRL2 Australia

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Petrel has consistently raised small amounts of capital and strategically used this to achieve a stated objective and deliver on its promises. The position it has built up in Uruguay, from a conventional and unconventional standpoint, is testament to the management. However, the current macro environment for commodities means that a lot depends on the farm-down of Uruguay.

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Initiation: Upside in the Pampas

Province Resources Ltd: 1 director

Ford Equity International Rating and Forecast Report

Update: Not wanting the Pampas to grow under its feet

Information Services Corporation - Strong underlying growth, guidance reiterated

PVA TePla - Material matters

Zalaris - Continuing contract momentum in FY24

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