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PCI lets get in on,algeria,tunisia,italy,oil and gas.
denjon - Wed, 21 Dec 05 :
Algerian Drilling Tender
RNS Number:9990V
Petroceltic International PLC
21 December 2005
Petroceltic International Plc ("Petroceltic" or the "Company")
Invitation to Tender for drilling campaign in Algeria
Petroceltic, the Irish based international oil and gas exploration and
production company, is pleased to confirm that it has requested invitations to
tender ("ITT") for its forthcoming drilling campaign in the Company's Isarene
Contract Area in Algeria.
The ITT process, required in accordance with Algerian laws, is expected to be
completed and announced by the end of January 2006. This will facilitate the
commencement of drilling operations in Algeria in Q1/Q2 of 2006.
John Craven, CEO of Petroceltic commented:
"We are delighted to have launched the tendering process for the Algerian
drilling campaign. A number of large international drilling service companies
have already expressed serious interest in tendering, some of which currently
have ongoing drilling operations nearby. We are very confident of securing a
drilling contractor of international repute with the technical expertise to
deliver on the company's drilling programme."
- Ends -
For further Information, call:
John Craven, Petroceltic International Plc 00353 1 4959285
Billy Clegg/Jonathan Brill, Financial Dynamics 0044 20 7831 3113
Notes to editors:
Petroceltic International plc ("Petroceltic" or "the Company") is a leading oil
and gas exploration and production company owning a portfolio of significant
assets in Algeria, Tunisia, Italy and Ireland. Petroceltic is headquartered in
Dublin and is listed on the Alternative Investment Market.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DRLURAWRVRRUUAA
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