PET.AQ Shariah Compliance
Screening Methodology: AAOIFI
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Petrel Resources PLC. Stock Analysis PET.AQ
Petrel Resources Plc engages in oil and gas exploration and development. The company is headquartered in Dublin, Dublin and currently employs 3 full-time employees. The company went IPO on 2000-08-18. The firm is focused on projects in Ireland, Iraq and Ghana. The firm holds 10% (W.I.) of Frontier License 11/18, operated by Woodside, which is an oil and gas company in Australia. The company operates 100% of Frontier Exploration License (FEL) 3/14. The firm also operates 100% of License Option (LO) 16/24, close to mobile oil at the BP Connemara oil discovery. The company holds a 30% interest in a license agreement over a prospective onshore/offshore block in Ghana, which covers approximately 1,532 square kilometers (km2) Tano 2A Block. The firm holds an interest in the former Block 6 in the Western Desert, Iraq. The Company’s subsidiaries include Petrel Industries Limited, Petrel Resources of the Middle East Offshore S.A.L., Petrel Resources (TCI) Limited and Pan Andean Resources Limited.
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Halal stocks refer to shares of companies that comply with Islamic finance principles, meaning they do not engage in businesses related to alcohol, gambling, pork, or interest-based financial services.