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Gold/Mining/Energy : News Flash On The Aim Market
LSE 5.260-0.8%10:40 AM EDT

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From: miningoz5/10/2014 10:46:05 AM
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FASTNET OIL & GAS Possible Oil Majors Make An Offer

Published: Saturday, 10 May 2014 09:38
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Dublin-based exploration firm Fastnet Oil & Gas is hopeful of beginning its planned asset disposal programme by the end of the year. The company — which has its shares listed in Dublin and London — has a basic plan of proving viability at each of its licences in Morocco and Ireland before selling them and directly returning the proceeds to shareholders, most likely via a tender offer. While Fastnet has one of the largest acreage positions in the Celtic Sea of any independent explorer,Management is however...

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