Speaking to Upstream, Petrel Resources managing director David Horgan said that the AIM-listed company was not giving up despite a 13-year period in which it has drawn a blank on most of its activities.
“We’re very keen to work under economic terms and at the end of the day Iraq has the best geology in the world,” Horgan said.
“They’ve got at least 143 billion barrels, probably twice that, maybe more than twice that, so they’re just too big a prize,” he said.
The
