Report

Update: Seismic complete; interpretation promising

Petrel continues to progress its early stage but very promising and commanding position in Uruguay. Completion of 580km of 2D seismic shows potential for both conventional and unconventional plays and underscores the technical corehole work undertaken to date. Work now turns to identifying drill locations. In Spain, identifying JV partners has been delayed, though new technical information should aid the process.
Underlying
Petrel Energy

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

Provider
Edison Investment Research
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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