Petrel Resources
Petrel Resources Plc, together with its subsidiaries, engages in oil and gas exploration in Ghana and Iraq. It holds a 30% working interest in the Tano 2A block, covering an area of 1,532 square kilometers in Ghana, and interests in the Western Desert Block 6 located in Iraq. The company was incorporated in 1982 and is based in Dublin, Ireland.
Petrel Resources (PET) - Total Assets
Latest total assets as of June 2025: GBX571.00K GBX
Based on the latest financial reports, Petrel Resources (PET) holds total assets worth GBX571.00K GBX as of June 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Petrel Resources - Total Assets Trend (1997–2024)
This chart illustrates how Petrel Resources’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Petrel Resources - Asset Composition Analysis
Current Asset Composition (December 2024)
Petrel Resources's total assets of GBX571.00K consist of 2.6% current assets and 97.4% non-current assets.
| Asset Category | Amount (GBX) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | GBX0.00 | 0.8% |
| Accounts Receivable | GBX0.00 | 0.0% |
| Inventory | GBX0.00 | 0.0% |
| Property, Plant & Equipment | GBX0.00 | 0.0% |
| Intangible Assets | GBX559.90K | 97.4% |
| Goodwill | GBX0.00 | 0.0% |
Asset Composition Trend (1997–2024)
This chart illustrates how Petrel Resources's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Petrel Resources's current assets represent 2.6% of total assets in 2024, a decrease from 96.8% in 1997.
- Cash Position: Cash and equivalents constituted 0.8% of total assets in 2024, down from 96.5% in 1997.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 97.0% of total assets, an increase from 3.0% in 1997.
- Asset Diversification: The largest asset category is intangible assets at 97.4% of total assets.
Petrel Resources Competitors by Total Assets
Key competitors of Petrel Resources based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Aker BP ASA
PINK:AKRBF
|
USA | $42.88 Billion |
|
Jadestone Energy plc
PINK:JDSEF
|
USA | $1.12 Billion |
|
Helium Evolution Incorporated
PINK:HEEVF
|
USA | $21.95 Million |
|
One Step Vending Corp
PINK:KOSK
|
USA | $578.00K |
|
Melbana Energy Ltd
AU:MAY
|
Australia | AU$80.17 Million |
|
Black Rock Petroleum Co
PINK:BKRP
|
USA | $1.39K |
|
West Texas Resources Inc
PINK:WTXR
|
USA | $150.96K |
|
Shanxi Blue Flame Holding Co Ltd
SHE:000968
|
China | CN¥11.13 Billion |
Petrel Resources - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Petrel Resources generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Petrel Resources is currently not profitable relative to its asset base.
Petrel Resources - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.09 | 0.03 | 0.70 |
| Quick Ratio | 0.09 | 0.03 | 0.70 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | GBX-1.12 Million | GBX -1.02 Million | GBX -196.00K |
Petrel Resources - Advanced Valuation Insights
This section examines the relationship between Petrel Resources's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 27.52 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -27.5% |
| Total Assets | GBX574.59K |
| Market Capitalization | $202.15 USD |
Valuation Analysis
Below Book Valuation: The market values Petrel Resources's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Petrel Resources's assets decreased by 27.5% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Petrel Resources (1997–2024)
The table below shows the annual total assets of Petrel Resources from 1997 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | GBX574.59K | -27.50% |
| 2023-12-31 | GBX792.55K | -30.07% |
| 2022-12-31 | GBX1.13 Million | +6.85% |
| 2021-12-31 | GBX1.06 Million | -18.46% |
| 2020-12-31 | GBX1.30 Million | -6.40% |
| 2019-12-31 | GBX1.39 Million | -52.25% |
| 2018-12-31 | GBX2.91 Million | +12.90% |
| 2017-12-31 | GBX2.58 Million | -63.78% |
| 2016-12-31 | GBX7.12 Million | -1.32% |
| 2015-12-31 | GBX7.21 Million | +1.23% |
| 2014-12-31 | GBX7.13 Million | -26.45% |
| 2013-12-31 | GBX9.69 Million | +49.43% |
| 2012-12-31 | GBX6.48 Million | -5.82% |
| 2011-12-31 | GBX6.88 Million | -2.18% |
| 2010-12-31 | GBX7.04 Million | -84.48% |
| 2009-12-31 | GBX45.34 Million | -8.12% |
| 2008-12-31 | GBX49.34 Million | -0.90% |
| 2007-12-31 | GBX49.79 Million | +113.68% |
| 2006-12-31 | GBX23.30 Million | +168.29% |
| 2005-12-31 | GBX8.69 Million | +267.17% |
| 2004-12-31 | GBX2.37 Million | -0.81% |
| 2003-12-31 | GBX2.38 Million | +112.63% |
| 2002-12-31 | GBX1.12 Million | +19.32% |
| 2001-12-31 | GBX939.89K | -20.81% |
| 2000-12-31 | GBX1.19 Million | +192.98% |
| 1999-12-31 | GBX405.13K | -23.67% |
| 1998-12-31 | GBX530.75K | -43.40% |
| 1997-12-31 | GBX937.76K | -- |