Dublin-based investment firm Fastnet Equity has reached conditional agreement to acquire drug firm Amryt Pharmaceuticals for £29.6m (€37.5m).

Houses at Kinsale’s Ardbrack may go for ‘Scilly -money’, but buyers take their own view, says Tommy Barker.

Fastnet, the one-time oil and gas exploration company, has confirmed its move away from its traditional area of business as conditions in the industry worsen, in favour of what it sees as the more lucrative healthcare sector.

Fastnet Equity is considering spinning out its Irish exploration assets into a separate entity, in a bid to derive future shareholder value from them.

Fastnet Oil & Gas has become the first Irish casualty of the sub-$50 oil price environment; opting to exit the sector in favour of investing in the healthcare/ biopharmaceutical industry.

Circle Oil has launched a strategic review of its cost base after falling oil prices sunk the company’s financial performance last year.

The anticipated wave of consolidation set for the international oil and gas sector could be about to hit the Celtic Sea, with Lansdowne Oil & Gas — the minority shareholder in the Barryroe field — likely to be sold.

Dublin-based exploration firm Fastnet Oil and Gas is open to partaking in merger and acquisition activity, as part of the wave of consolidation expected to materialise in the international oil and gas sector in the next few years.

Fastnet Oil and Gas has said it is "very possible" it will expand its asset portfolio over the next 12 months, with it currently actively reviewing opportunities in eastern Africa.

Nine parties have expressed serious interest about investing in the Celtic Sea and onshore Moroccan assets of Irish exploration firm Fastnet Oil & Gas.

Fastnet Oil and Gas is expecting to seal a deal with a development partner for its highly-rated onshore Moroccan assets before the end of the year.

Fastnet Oil & Gas has said that although results were disappointing, the direct net exploration costs incurred by the company, from recent maiden drilling work at its interests offshore Morocco were less than $2.75m.

Shares in Irish explorer Fastnet Oil & Gas tumbled by 50% yesterday on the back of its maiden drilling round finding no commercial hydrocarbons.

Shares in Irish exploration firm, Fastnet Oil & Gas jumped nearly 6% yesterday, on the back of it revealing that initial result readings from 3D seismic surveys of its Celtic Sea assets have identified 22 “structures”, or indications of oil.

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.

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.

The old Church of Ireland just outside Goleen is surrounded by graves, but now a new ghost could be about to join them.

Fastnet Oil and Gas is in advanced negotiations with international oil and gas companies to farm out its assets in the Celtic Sea.

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.

A hi-tech survey vessel has arrived in the Port of Cork as it helps hunt for new oil deposits off the south coast.

Fastnet Oil & Gas has released findings of an independent survey of the Shanagarry licence, off the Cork coast, which indicates the asset has the potential to rival Providence Resources’ nearby Barryroe field.

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.

Owners of harbour-view dormer on 4.85 acres did it all, bar flatten the original and build again from scratch, writes Tommy Barker.

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.

Ireland’s open water swimming legend Steve Redmond has been named the elite sport’s man of the year.

THE movers and shakers of our fledgling oil industry are small by any standards.

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 exploration firms Providence Resources, Fastnet, and Tullow have all received strong “buy” recommendations.

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

THE owners of the Cork-Swansea ferry service have begun seeking expressions of interest from companies interested in naming and sponsoring the ferry.

DESPITE warnings about ‘throwing good money after bad’, Kerry County Council yesterday approved a financial contribution for the troubled Cork-Swansea Ferry during its period in examinership.

THE passenger ferry company operating the Cork-Swansea route has suspended all sailings after the High Court granted it permission to enter examinership.

A CORK-based ferry company has rejected claims it is “gouging” Munster rugby supporters by hiking its fares for the province’s Heineken Cup clash with Ospreys in Swansea next month.

FROM fast cars to ferry boats... that’s the career path of the new chief executive of Ireland’s fledgling ferry company who’s determined to bring thousands more British tourists to West Cork.