Petroceltic sell off Egyptian assets to Edison International

Company focuses strategy on Ain Tsila asset in Algeria

18th February, 2016
The management of Petroceltic

Embattled oil exploration company has announced the sale of its Egyptian exploration interests to Edison International in a statement to the stock exchange.

Petroceltic, which has licences in North Africa, the Mediterranean and Black Sea regions, said it had completed the sale sae certain exploration licences in Egypt to its joint venture partner Edison International.

On December 23, the Company announced that it had reached an agreement to sell its interests in the North Thekah,...

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