LO 16/24 (blocks 26/26, 27b, 35/1 + 2c) has recently expired and will be applied for under FEL rights. It covers 664 sq km near the Connemara field in deepwater Porcupine Basin off W. Ireland. Petrel will however not commit to drilling until the permit has been farmed down. Contact: David Horgan, DHorgan@petrelresources.com.   Meanwhile Petrel did not renew LO 16/25 as targets identified were sub-economic at the then prevailing oil price.
LO 16/24 (blocks 26/26, 27b, 35/1 + 2c) has recently expired and will be applied for under FEL rights. It covers 664 sq km near the Connemara field in deepwater Porcupine Basin off W. Ireland. Petrel will however not commit to drilling until the permit has been farmed down. Contact: David Horgan, DHorgan@petrelresources.com. Meanwhile Petrel did not renew LO 16/25 as targets identified were sub-economic at the then prevailing oil price.