Ann: Investor Update Presentation, page-4

Nice presentation...I liked this part the best....simple but true!



If Petrel continues to have success, the upside for shareholders is potentially enormous.

The company has a huge acreage position and a front-row seat in Uruguay to prove up both conventional and unconventional petroleum, and shareholders should view this as the catalyst for the company

Uruguay presents a fascinating opportunity to be on the ground floor of an emerging conventional and unconventional play; if successful – with all early signs looking positive – it could be hugely valuable for shareholders.

With 3.5m acres under lease currently, the potential value is in the billions.

http://petrelenergy.com/IRM/Company/ShowPage.aspx/PDFs/1357-16270371/EdisonResearchJuly2014

Currently, the greatest risk to shareholders may be that Petrel is exposed as a cheap acquisition.