EXPLORATION company Petroceltic, which changed its name from Ennex last year, recorded a minor profit of $33,000 (€27,000) in the first six months of the year, down from $69,000 in the same period last year.

Petroceltic has signed a contract with Great Wall Drilling Company (Tunisia) to provide the GW 92 land drilling rig for Petroceltic's forthcoming Sidi Toui 3 Well in the Ksar Hadada Permit Area in southern Tunisia.

Shareholders in upstream oil and gas company Petroceltic heard today that its Old Head of Kinsale gas field in the Celtic Sea could be a 'company maker'.