India, Sept. 18 -- On Friday, Petrel Resources Plc (PET.L), an Oil-based energy company, reported narrower loss in the first half of 2026, compared to the same half a year ago.
Loss for the period dropped to 217,000 euros or 0.10 cents per share from 317,000 euros or 0.18 cents per share a year ago.
Administrative expenses for the period decreased to 140,000 euros from 191,000 euros in the prior year.
Operating loss narrowed to 233,000 euros from 284,000 euros last year.
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Additionally, Petrel is actively looking for new projects, while Ghana and Iraq remain potential opportunities despite challenges and factors beyond the Company's control. It is also s...