Thursday August 6, 2020

Fastnet has hopes for 'huge' gas and oil find

The Irish firm believes it is on the brink of a significant oil find off the south-west coast, writes Ian Kehoe.

13th October, 2012
Paul Griffiths, executive vice-president, Fastnet Oil & Gas: 'A sizeable oil and gas find can be transformative.' Photo: Tony O'Shea

The hunt for buried treasure continues. A young Irish exploration company backed by a number of industry veterans has said it could be sitting on one of the biggest oil and gas finds in Irish waters.

Fastnet Oil & Gas, which floated on the stock market in June, intends to carry out a seismic, three-dimensional survey of its Mizen site off the south-west coast of Ireland early next year. However, based on data, the company...

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