Fastnet to select partner for Celtic Sea operations before end of year
The ESM and AIM-listed company, which has a number of licences off the south coast of Ireland and both onshore and offshore Morocco, said yesterday that farm-out discussions regarding its Celtic Sea interests were “progressing well” and were expected to be concluded during the fourth quarter of this year.
Fastnet has one of the largest acreage positions in the Celtic Sea of any independent explorer and is still hopeful of producing oil and gas from its Irish operations within the next three years.
