one to watch27 Apr 2009 15:28
Activity around the GPC blocks.
During the period Valiant also notched up five exploration wells of which three were classed as successful.
This year Valiant said its priorities will be first oil from the Don area development, and among others, it will seek to complete the previously-announced acquisition of Nor Energy UK involving a further 10% stake in the Causeway field, and the buyout of Dana Petroleum's 50% equity in Northern North Sea blocks 211/8a, 211/13a, which contain the Banquo and Helena discoveries.
Valiant said it will also seek further acquisitions plus consolidation opportunities in an around its core areas - which it said are arising due to the current financial climate.