Petrel Resources plc announced consolidated earnings results for the year ended December 31, 2017. For the year, the company reported operating loss of EUR 4,392,185 compared to EUR 257,675 a year ago. Loss before taxation was EUR 4,392,185 compared to EUR 256,505 a year ago. Loss for the financial year attributable to the equity holders of the parent was EUR 4,392,185 or 4.40 cents per basic and diluted share compared to EUR 256,505 or 0.26 cents per basic and diluted share a year ago. Net cash used in operating activities was EUR 172,152 compared to EUR 211,020 a year ago. Payments for exploration and evaluation assets were EUR 259,161 compared to EUR 160,699 a year ago.