Petroceltic finishes Algerian tests on a high note

UPDATE: Oil and gas explorer Petroceltic sees a big share price rise as it says the latest and final result from its appraisal campaign in Algeria is the best result of all.

7th December, 2011

Shares in oil and gas explorer Petroceltic rose as much as 11 per cent in early London trading after it said that the latest and final result from its appraisal campaign in Algeria is the best result of all and is likely to improve the estimated recoverable resource from the field.

The company says that it will use the results of the nine well campaign to produce a discovery report for its Ain Tsila field, due...

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