Next phase for Algeria exploration

PETROCELTIC INTERNATIONAL, the oil and gas explorer, has won approval for its Isarene permit in Algeria to enter the next two-year exploration phase and said initial results are “encouraging”.

The explorer’s Ksar Hadada permit in Tunisia was also renewed for three years, and seismic data show “a number of exploration prospects”, the Dublin-based company said yesterday.

“These agreements secure these permits for Petroceltic and its partners in both Algeria and Tunisia for the coming years,” said chief executive John Craven.

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