Petroceltic: has delivered on all key targets

Petroceltic delivered on all of its key targets for 2011, it said today.

26th April, 2012

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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