Petrel Resources (PET) 2019年年度报告「LSE」.pdf

1、PETREL RESOURCES PLC Annual Report and Accounts Year ended 31 December 2019Cover image:Location of the Merjan Block,located SW of Baghdad and close to the holy city of Karbala.Page Chairmans Statement2 Operations Review4 Directors Report10 Corporate Governance Report16 Directors Responsibilities Sta

2、tement20 Audit Committee Report21 Independent Auditors Report22 Consolidated Statement of Comprehensive Income27 Consolidated Balance Sheet28 Company Balance Sheet29 Consolidated and Company Statements of Changes in Equity30 Consolidated Cash Flow Statement31 Company Cash Flow Statement32 Notes to t

3、he Financial Statements33 Notice of Annual General Meeting50 Directors and Other Informationinside back cover Petrel Resources Plc Annual Report and Accounts 2019 1Petrel Resources PlcContents2 Petrel Resources Plc Annual Report and Accounts 2019Petrel Resources PlcChairmans Statement You dont need

4、to be told how uncertain the world is.Lockdowns,quarantines,blocked exports within EU members,negative oil prices and negative interest rates.The worst recession in 300 years according to some!Higher rates of unemployment than those in the 1930s depression!Paying banks to hold your money on deposit!

5、States borrowing at minimal costs without let or hindrance.Unprecedented does not begin to describe whats going on.Those of us educated in economics and business and who have established and managed enterprises can only plough on in the hope and expectation that the so called“New Normal”will make ec

6、onomic sense.Yet despite all of the above Petrel Resources is in better shape now than it was a year ago.Certainly the Irish Offshore is now a virtual a no-go area.But our other interests,Iraq and Ghana are better.Before dealing with the projects let me address the position of the new shareholders w