LONDON (Thomson Financial) - Oil and gas explorer Petroceltic International
Plc. said it has got approval for a two-year second exploration at the Isarene
block in Algeria, and that it received encouraging initial results from new
seismic studies.
Petroceltic has a 75 percent interest in the Isarene permit. Sonatrach, the
Algerian state oil and gas company, holds the rest.
The company also said its application for a three-year renewal of the Ksar
Hadada permit was approved by Tunisian government.
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