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Petroceltic confident 2008 drilling programme achievable with current funding


Published : Tue, 08 Jan 2008 08:35
By : Agencies
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LONDON (Thomson Financial) - Petroceltic International PLC said it was confident that its 2008 drilling programme is achievable with current funding.

The company added it will start a seismic survey in Algeria, to be followed by a drilling programme in the second half of 2008.

Up to three wells are planned for late 2008 and early 2009, two in the Po Valley and one in the Adriatic, all in Italy, the company said in a statement.

TFN.newsdesk@thomson.com

kkb/vs

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