Drilling at the highly anticipated Moroccan offshore licence, in which Dublin-based explorer, Fastnet Oil & Gas holds a significant stake, is expected to begin next month.

Dublin-based explorer Fastnet Oil & Gas has said that interest in its Celtic Sea assets has swelled since the second half of last year, with a number of sizeable international players considering a farm-in investment.

T5 Oil and Gas, the new exploration firm established by five former Tullow Oil executives, is to seek a stock listing on Dublin’s ESM market in the autumn, or early next year, depending on market conditions.

Fastnet Oil & Gas is set to name a farm-out partner for its offshore Morocco interests in the next fortnight, and one for its Celtic Sea interests within the first quarter of 2014.

The onshore Moroccan asset partially held by Irish exploration company Fastnet Oil & Gas is likely to hold more than double the amount of reserves than first anticipated, and could be worth nearly $60 million (€45m) to the Dublin firm.

Dublin-based exploration firm Fastnet Oil & Gas is hopeful of beginning its planned asset disposal programme by the end of next year.

Dublin-headquartered exploration firm Fastnet Oil & Gas will select a partner — from a shortlist of three — to help it develop its Celtic Sea assets before the end of the year.

Texan exploration company Kosmos Energy has commenced 3D seismic surveys on the two prospects off the Co Kerry coast in which it bought controlling stakes earlier this year.

Irish exploration firm, Fastnet Oil & Gas has expanded its presence in Morocco by acquiring a 37.5% operating share in an onshore acreage which could transform the north African country from a near total importer of gas to a net exporter.

Waters directly underneath the 1,500m-deep Kinsale Gas Field, in the Celtic Sea, could contain nearly 2.4 billion barrels of oil, according to latest estimates.

Dublin-based explorer Fastnet Oil & Gas has added to its portfolio of assets in the Celtic Sea through the awarding of an eight-block licensing option.

Oil exploration drilling programmes off the Irish coast are expected to increase materially in the coming years, according to Davy Stockbrokers, who view the entry of Kosmos Energy as a potential game changer in Irish oil exploration.

US company Kosmos Energy has become the latest international exploration firm to show an interest in Ireland’s burgeoning offshore oil and gas potential, snapping up controlling stakes in two prospects off the Kerry coast.

Fastnet Oil & Gas has initiated a farm-out process to help cover the cost of its forthcoming $18m (€14m) surveying activity in the Celtic Sea, which will be the biggest of its kind ever undertaken in the area.

Irish exploration company Fastnet Oil & Gas has selected French geophysical company CGG to carry out its much-anticipated seismic surveying activity in the Celtic Sea in the coming months; a deal which could cost up to €15m.

Irish exploration firm, Fastnet Oil & Gas is set to drill its maiden well — off the coast of Morocco — at the tail-end of next year.

Fastnet Oil & Gas has managed to raise about £15m (€18.6m) in fresh funding via a heavily oversubscribed share placing.

Irish explorer Fastnet Oil & Gas has substantially enhanced its presence in the Celtic Sea via the awarding of two licensing options.

Fastnet Oil & Gas, the Dublin-headquartered exploration company, is hopeful of receiving approval for two new Celtic Sea licences before the end of the year.

Irish-backed international exploration company Fastnet Oil & Gas has been granted a number of licensing options in the Celtic Sea.