Fastnet awarded new exploration licence

? Fastnet Oil & Gas, the Irish exploration company, has been awarded a new operated licensing option named the Ventry licensing option in the North Celtic Sea basin last week. The exploration company said it has a 100 per cent working interest in the

The company has been granted an 18-month licensing option by the

Department of Communications, Energy and Natural Resources, with the

opportunity to extend. Fastnet has also been awarded extensions on three

existing licence areas, including East Mizzen and Shanagarry, for a

period of 18 months each, which will allow it to carry out agreed work

programmes.

“We are delighted to add the Ventry licensing option to our

portfolio, and believe it offers significant ...