Boardroom Briefing

Fastnet expects a transformational year

24th August, 2014

Fastnet expects a transformational year

Exploration company Fastnet Oil and Gas said last week that it was looking forward to a ''transformational year, as the company plans to build a portfolio of assets.

The firm, which is focused on near-term exploration and appraisal acreage in Morocco and the Celtic Sea, reported no revenues for the year to March 31, with losses of $2.6 million. According to Fastnet, it had $19.9 million in cash reserves as...

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