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Political uncertainties compound losses

Investors are further likely to steer clear of oil and gas companies as Aim-listed Regal Petroleum, Ramco Energy and Petrel Resources report pre-tax losses

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Payment delay contributes to Petrel loss

Petrel Resources, an Irish oil and gas exploration company, said today its full-year loss widened due in part to payment delays from a contract on a southern Iraqi oil field.

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Petrel Resources’ high hopes for PSA from Saddam-era Iraq oil deal…

Plus: *Dana Gas ready to feed northern Iraq gas to Kurdish power plants *Price of Baghdad black market fuel drops *Iran-Iraq energy dealings during Ahmadinejad's visit *Spring is coming, but air conditioning is not *Iraq Press Roundup *Inside Iraqi Politics Ireland's Petrel Resources expects a production-sharing agreement for a deal it signed with Saddam Hussein for a block in Iraq’s western desert,...