Petrel Resources (PET) 2000年年度报告「LSE」.pdf

1、PAGECHAIRMAN S STATEMENT2OPERATIONS REVIEW5REPORT OF THE DIRECTORS10STATEMENT OF DIRECTORS RESPONSIBILITIES12REPORT OF THE AUDITORS13STATEMENT OF ACCOUNTING POLICIES15CONSOLIDATED PROFIT AND LOSS ACCOUNT16CONSOLIDATED AND COMPANY BALANCE SHEET17CONSOLIDATED CASH FLOW STATEMENT18NOTES TO THE CONSOLID

2、ATED FINANCIAL STATEMENTS19NOTICE OF MEETING26FORM OF PROXY27DIRECTOR S AND OTHER INFORMATIONInside Back CoverPETRELAN N U A LRE P O R T2 0 0 01CONTENTSThe desert is cold at 5.30am,cold but very beautiful.Exiting Iraq involves a ten-hour drive across the Western Desert from Baghdad to Amman.The sun

3、rises asyou leave a modern but run down city of 4 million people and drive into a scenereminiscent of biblical times;poor people leaving ramshackle homes to tend herdsof sheep.You drive along a modern six-lane highway.The highway,like much of theinfrastructure in Iraq,was built with the petro dollar

4、s,which enriched the countryin the 1970s.Subsequently,war followed by UN sanctions,impoverished thepeople.The population of Iraq suffer and die and their national infrastructurecrumbles while much of the worlds oil lies below ground.In the truck,as thehours go by and you watch the harsh arid desert

5、stretch to infinity,you cannot butquestion the failure of diplomacy which results in poverty and deprivation for 20million people while the rest of the world suffers from the effects of scarce oil.When relations between Iraq and the wider international community arenormalised,as they must be,Petrel

6、will be in Iraq ready to cooperate andparticipate in the rejuvenation and development of a major world energy source.We had to demonstrate to the Iraqi authorities that we were serious in ourintentions.We did this by chartering a small private plane,filling it with medicinesand flying from Dublin to