Fastnet farms into acreage
Issue 256
- 14 Jun 2013
| 1 minute read
AIM-listed explorer Fastnet Oil and Gas, set up by former Cove Energy directors, has farmed into the onshore Tendrara Lakbir licence. Fastnet’s Moroccan subsidiary Pathfinder Hydrocarbon Ventures Limited will acquire a 37.5% stake from Moroccan explorer Oil and Gas Investments Funds (OGIF). Fastnet will fund an appraisal well on the 2006 TE-5 gas discovery to be drilled by end-February 2014.
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