Seven Heads review nears completion

A technical review of the Seven Heads Gas Field near Co Cork is nearing completion and will shortly be ready for presentation, the exploration and production company Ramco announced.

Ramco expects to make an announcement summarising the findings of the review and detailing the agreed future plans for the field in the near future.

Peter Everett, senior non-executive director of Ramco, will chair the AGM next week as Steve Remp, Ramco’s executive chairman, is currently recovering from recent surgery.

Ramco expects Mr Remp to return to work during October. During his absence Mr Everett is acting Chairman and Daniel Stover, chief operating officer, is acting chief executive officer.

The Seven Heads partners are RSHL (Operator) 82.5%, Northern Exploration Limited (a wholly owned subsidiary of Ramco) 4%, Lundin Ireland Limited 12.5% and Sunningdale Oils (Ireland) Limited 1.0%.