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FASTThu, 31st Mar 2016 09:21
African and Irish explorer Fastnet Oil & Gas announced the expected start of drilling on a well off the coast of Morocco, lifting its shares in early trading. Fastnet said its partner in the Foum Assaka license area, offshore Morocco, Kosmos Energy (NYSE: KOS), has confirmed that its management ex
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LONDON (Alliance News) - Fastnet Oil & Gas PLC Wednesday said it has been granted government approval to enter the first extension period of the Foum Assaka petroleum agreement, offshore Morocco. The exploration and production company, with activities in Africa and the Celtic Sea, said the
Read moreLONDON (Alliance News) - Fastnet Oil & Gas PLC Thursday said that Irish authorities have extended two of its licences for a further 18 months so that a work programme can be carried out. The exploration and development oil and gas company, with operations offshore Ireland and Morocco, said
Read moreFastnet Oil & Gas, an exploration and production group focused on Morocco and the Celtic Sea, has placed just under 71.43m shares with new and existing investors at 14p each. The placing raised £10m before expenses, which will be used to fund Fastnet's participation in the exploration well being d
Read moreAIM-listed Fastnet Oil & Gas delivered its debut set of annual results as a public company on Monday and gave a bright outlook as it hailed the potential for success across its portfolio. The exploration company listed in London in June 2012 and was established after the reverse takeover by Terra E
Read moreOil and gas explorer and producer Fastnet has acquired further exploration acreage in north-eastern Morocco. Executing a $300,000 option agreement, AIM-quoted Fastnet has secured farm-in rights on eight exploration blocks covering an area of 14,548 square kilometres in the Atlas mountains' Tendrara
Read moreFastnet Oil & Gas shares rose Wednesday as the company announced an increase in independent resource estimates at its Shanagarry licence in the North Celtic Sea. The company said the licence had a resource of about 1.298bn barrels of oil in-place and 1.342tn cubic feet of gas in-place following an
Read moreAIM-listed Fastnet Oil & Gas has signed a contract for the acquisition of 1,710 km sq of 3D seismic, the largest even programme of its type in the Celtic Sea. Following the contract award, which has a value of up to $18m, the company has initiaed the farm-out process over the assets, and said the f
Read moreAIM-listed Fastnet Oil & Gas has agreed an exclusive option with PSE Kinsale Energy to farm into the Deep Kinsale Prospect beneath the oil producing Kinsale Head gas field. In an update issued on Thursday, Fastnet reported that a minimum of 500 square kilometres of three dimensional seismic was to
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