Petroceltic: has delivered on all key targets
Petroceltic delivered on all of its key targets for 2011, it said today.
Independent oil and gas exploration firm Petroceltic International said its six-well appraisal drilling campaign in Algeria had been completed on time and under budget.
In a preliminary results announcement the company said it was funded and well placed to continue to develop and grow the business.
Its net debt position was US$15 million at year end and cash at 31 March 2012 was US$64 million with no debt.
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