The title of best performing stock across 2019 belongs to Ireland-based exploration and production company Petrel Resources (LSE:PET) after it surged over 1,70% to 24p. It had been even higher earlier in the year! Petrel, which is a veteran on AIM having listed back in 2000, has benefited from “an influential group of substantial investors” (Netoil Inc Ltd. & Netoil’s Team) building up a significant stake in the company.
Their oil and gas expertise will be put to use as the group looks to acquire and develop assets in the Middle East, particularly Iraq. Petrel has worked in the region since 1999, which it believes offers unique oil and gas opportunities for those companies with the know-how.