Island Oil & Gas upbeat as its fields near production

ISLAND Oil & Gas currently assessing gas finds off Kinsale and Schull made an operating profit of Stg£904.000 (€1.12m) against a loss last time of £5.39m (€6.7m) for the six months to 31 January, 2008.

Island Oil & Gas upbeat as its fields near production
Thu, 24 Apr, 2008 - 01:00

The better figures essentially reflect the sale of a 10% interest in the Amstel field in the Netherlands.

Sales from its Seven Heads field fell to £920,000 from £1.18m due to lower production volumes and lower gas prices.

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CourtsPlace: AmstelPlace: NetherlandsPlace: Seven HeadsPlace: Celtic SeaPlace: SchullPlace: KinsalePlace: south eastern EuropePlace: MoldovaPlace: North AfricaPlace: Tarfaya BasinPlace: MoroccoPerson: Paul GriffithsPerson: GriffithsOrganisation: Island Oil & GasOrganisation: KinsaleOrganisation: SchullOrganisation: Island
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