Drilling Commences in Donegal

22 Aug 2006 11:39

Petroceltic International PLC22 August 2006 Petroceltic International plc Drilling Commences in Donegal 22 August 2006 Petroceltic is pleased to announce that the Inishbeg exploration well spuddedearlier this morning. This frontier exploration well is located in offshoreIreland Block 13/12, approximately 75 kms off the northwest coast of Ireland. Itis designed to target a gas prone, large but shallow structure at Triassicreservoir level. The Operator, Lundin Petroleum BV, estimates Well operations tolast for approximately one month. Petroceltic has a 16.25% interest in theLicence. Press queries to: John Craven / Philip O'Quigley Petroceltic International plc Tel: (01) 495 9285 Ronnie Simpson Simpson FT PR Tel: +3531 260 5300 Billy Clegg Financial Dynamics Tel: +442072697157 This announcement has been issued through the Companies Announcement Service of the Irish Stock Exchange This information is provided by RNS The company news service from the London Stock Exchange