Celtic Buys Back into Kraken Sidetrack

Kraken Discovery
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As previously announced Celtic Oil Limited did not participate in the Kraken 9/02b-4z exploration sidetrack.

Celtic has now bought back into the 9/02b-4z exploration sidetrack by payment of its share of costs. Under the terms of the Joint Venture agreement, a further payment will be due upon commencement of the development.