RNS Number:0717K
Petrel Resources PLC
15 April 2003

Petrel Resources plc is pleased to announce that Stefano Borghi, 41, has
accepted an invitation from the directors to join the Board of Petrel Resources
with effect from 15 April 2003.

Mr Borghi is Co-founder and Managing Director of Convergenza S.A, a European
private equity company investing in technology and Co-founder of Livolsi and
Partners Spa, a Milan based merchant bank. He was previously Managing Director
of Nokia Italia Spa, Managing Director of Cable & Wireless Italia Spa and was an
executive with BP Amoco in London from 1988 to 1994. He holds an M.Sc. from the
London School of Economics and a degree from the Bocconi University.

Mr Borghi's directorships for the past five years are as follows:
                                                          Present directorships

Managing Director (Luxembourg)                            Convergenza S.A
Co-Founder and Partner (Milan)                            Livolsi & Partners SpA

                                                          Past directorships

Managing Director (Milan)                                 Nokia Italia SpA



Mr Borghi commenting said "I am delighted to join Petrel's Board where I look
forward to contributing with my international experience to the development of
the company in a momentous time for its growth in the Middle East".

Commenting John Teeling, Chairman stated "we are delighted to welcome Stefano to
the board.  Commenting John Teeling, Chairman stated "we are delighted to
welcome Stefano to the board.  His experience with BP and his work in Iraq will
combine well with his extensive financial contacts in Europe.   The coming
months will be important for the long-term development of Petrel. We are
gathering our resources and are ready to move as soon as it is possible.

The coming months will be important for the long-term development of Petrel. We
are gathering our resources and are ready to move as soon as it is possible.



There are no other matters to be disclosed under paragraph f schedule 2 of the
AIM Rules


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