Petrel Resources (PET) 2012年年度报告「LSE」.pdf

1、Petrel Resources PlcAnnual Report and AccountsYear ended 31 December 2012CURRENT DIRECTORSSECRETARYREGISTERED OFFICEAUDITORSBANKERSSOLICITORSNOMINATED BROKER&ADVISORREGISTRATION NUMBERAUTHORISED CAPITALCURRENT ISSUED CAPITALMARKETNUMBER OF SHAREHOLDERSContentsPetrel Resources Plc Annual Report and A

2、ccounts 20121Chairmans Statement2Review of Operations4Directors Report18Statement of Directors Responsibilities22Independent Auditors Report23Consolidated Statement of Comprehensive Income25Consolidated Balance Sheet26Company Balance Sheet27Consolidated and Company Statement of Changes in Equity28Co

3、nsolidated Cash Flow Statement29Company Cash Flow Statement30Notes to the Financial Statements31Notice of Annual General Meeting48Directors and Other InformationInside back coverIt is a pleasure in these tough times for explorers to be able to report good news.Petrel is in the vanguardof positive de

4、velopments in the Irish offshore exploration sector.I am very hopeful that positivedevelopments will come in our two Irish frontier exploration licence options.The great recession is coming to a slow and painful end.Green shoots of economic growth are appearing insome countries,notably the United St

5、ates.The wall of new money created by quantitative easing policies is,asit must,finally having an impact.Asset prices,notably share prices and probably house prices,are beginningto rise.These trends are not of themselves enough to lead to strong economic growth but they are harbingers.Growth needs a

6、n increase in demand.Deleveraging continues in households,banks and countries thusdepressing demand.But cheap money and growing asset prices will sooner or later result in improved demand.What has that got to do with a hydrocarbon exploration company you might well ask.Quite a lot.Explorerstake risk