PRAYERS will be said this morning that the weather will change sufficiently to allow divers to search the wreck of the Tit Bonhomme, which may conceal the bodies of five fishermen feared drowned after it struck rocks and sank at the entrance to a bay in Co Cork.

Silver Strand, Sherkin Island, Co Cork

EXPOSURE? It is a long way from the exposed West Cork coastline and the scenic Seven Heads to money-mill windfarms in the mid-west of the United States of America, but that’s just one of the journeys taken by John Fleming.

PROVIDENCE Resources chief executive Tony O’Reilly Jnr has told shareholders that the company has the capability to become debt free within the next three years.

PROVIDENCE Resources is set to enter the lucrative gas storage and trading market and double its daily oil production levels after winning an option to buy a significant share in part of the former Irish assets of international exploration company, Marathon Oil.

THE Irish Offshore Operators’ Association (IOOA), the representative body for the country’s offshore oil and gas exploration industry, has warned of the continuing fragility of gas supply to western Europe, and particularly Ireland.

THE Seven Heads ranks amongst the most scenic, least spoiled areas of coastal west Cork.

SURELY everyone who has a child in the house should have a book on the natural history of Ireland if they can afford it.

ISLAND Oil and Gas has started to drill its second well of its 2007 two-well drilling programme in the Celtic Sea offshore Ireland.

Island Gas & Oil, the Irish exploration group which has a stake in the Seven Heads gas field off the Cork coast, has reported a small pre-tax loss of Stg£33,000 for the half year to January 31, 2006.

ISLAND OIL & GAS, the technology-led independent exploration and production company, has been granted licensing extensions to its options at the Seven Heads and Rosscarbery - both located in the Celtic Sea.

THE sale of Ramco Energy’s interests in the Seven Heads gas field off the coast of Kinsale will not be completed until next year, the troubled company said yesterday.

SHARES in Ramco Energy surged nearly 50% yesterday after the troubled operator of the Seven Heads offshore gas field near Kinsale announced a potential takeover approach.

Oil and gas exploration company Ramco has announcd an after-tax loss of £1m (€1.45m) for the six months to June 30.

Ramco, the Scottish energy company that operates the Seven Heads gas field, says the technical review of the project is nearing completion but the findings will not be announced until the end of August 2004 at the earliest.

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.

THE Seven Heads gas field off the Cork coast suffered a major setback yesterday as its operator, Scottish energy firm Ramco, said they were preparing to downgrade the value and amount of reserves in the field.

Ramco Energy plc has announced that its Seven Heads gas field in the Celtic Sea returned to production on March 17 after being shut for three days during testing.

RAMCO ENERGY’S failure to solve gas production problems at its Seven Heads gas field off the Cork coast resulted in a 20%-plus loss in the value of its shares on the London Stock Exchange.

Production from the Seven Heads gas well in the Celtic Sea has declined according to the well operator Ramco.

Aberdeen-based exploration company Ramco Energy has said it has undertaken a technical review of the Seven Heads gas field in the Celtic Sea to investigate previously announced pressure declines from the field, which have been greater than expected.

RAMCO Energy shares plunged by more than 55% yesterday after the company announced it is experiencing severe production difficulties at the Seven Heads gas field off Cork.

The Seven Heads gas development has successfully completed its short commissioning period.

Aberdeen-based independent oil company Ramco saw gas flow from its Seven Heads field off the coast of Cork this weekend.

The first gas from the Seven Heads field off the Cork coast will begin flowing in the next few days.

THE first gas from the Seven Heads field off the Cork coast will begin flowing in the next few days.

RAMCO, the developers of the Seven Heads gas field off the Cork coast who expect to bring 60 million cubic feet of gas ashore a day from November, have raised 13m to search for more gas in the area.

Exploration company Ramco has raised £9.2m (€13m) through an institutional placing of 2,620,000 new ordinary shares of 10p each, at a price of 350 pence per share.

RAMCO ENERGY, the developers of the Seven Heads gas field, expect to report healthy profits by mid-2004.

THE estimate of “proven and probable recoverable” gas reserves at the Seven Heads gas field off the Cork coast has been increased by 40% by developers Ramco Energy plc.

Aberdeen based exploration and production company, Ramco energy have announced they have successfully completed drilling and testing two further wells in the Seven Heads development off the Cork coast, in the Celtic Sea.

IRELAND has the capacity to become self-sufficient in natural gas and to become a net gas exporter Energy Minister Dermot Ahern said yesterday.

SHARES in Ramco Energy plc, the developers of the Seven Heads Gas Field, are seriously undervalued according to Davy Stockbrokers.

Brian O’Mahony, Chief Business Correspondent

THE development of the Seven Heads Gas Field off the coast of Cork got the green light yesterday from the Government.

THE Scottish company set to develop the Seven Heads gas field off the coast of Kinsale has been given a boost by further delays in the Corrib gas development off Mayo due to a combination of planning hold-ups and other issues.