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Petroceltic International PLC Company News
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Petroceltic Board Steps Down Following Survival Scheme Approval
The entire board of Petroceltic will step down after the Irish High Court approves the company's latest survival scheme.
8:00 PM EST | June 16, 2016
At-13 Well in Algeria Hits 240-Foot Gas-Bearing Formation
The AT-13 development well in Algeria penetrates a 240-foot gas and condensate bearing formation.
8:00 PM EST | May 22, 2016
Petroceltic Says Worldview To Take Control Of Group
Petroceltic International Plc says a court examiner has selected its largest shareholder, Worldview Capital Management, to take control of the group.
8:00 PM EST | May 11, 2016
Sunny Hill: Petroceltic Takeover Offer Lapses
An all cash offer by Sunny Hill Limited to acquire the entire issued and to be issued share capital of Petroceltic International plc lapses due to insufficient support.
8:00 PM EST | April 14, 2016
Petroceltic Board Recommends Shareholders Accept Buyout Offer
The board of directors of Irish oil producer Petroceltic recommends that shareholders accept an all-cash offer from investor Worldview Capital Management.
8:00 PM EST | April 05, 2016
Petroceltic: First Ain Tsila Development Well 'Successful'
Petroceltic International plc revealed Tuesday that the first of up to 24 new development wells on the Ain Tsila gas and condensate field in Algeria has been "successful".
8:00 PM EST | April 04, 2016
Petroceltic Gets Buyout Offer from Largest Shareholder
Petroceltic International Plc's largest shareholder, WorldView Capital Management, offers to acquire the company for $8.98 million in cash, a month after Petroceltic said it was considering an offer.
7:00 PM EST | February 25, 2016
Petroceltic: Algeria AT-10 Well Spudded
Petroceltic International plc announces that well AT-10, located on the Ain Tsila gas and condensate field in Algeria, has been spud.
7:00 PM EST | February 21, 2016
Petroceltic Sells Egyptian Licenses to Edison
Petroceltic International plc completes the sale of the North Thekah, North Port Fouad and South Idku exploration licenses in Egypt to its joint venture partner Edison International S.p.A.
7:00 PM EST | February 17, 2016
Petroceltic Could Receive Takeover Offer From Shareholder
Private investment management firm, Worldview Capital Management, is in the process of evaluating and preparing for a possible, all cash, offer for the entire share capital of Petroceltic International plc.
7:00 PM EST | January 21, 2016
Petroceltic International Sells Romanian Interests
Junior energy firm Petroceltic International has sold the entire share capital of Petroceltic Romania to GVC Investment, leaving the company with no remaining interests in Romania.
8:00 PM EST | June 15, 2015
Hess, Petroceltic Pull Out of Kurdistan License
Petroceltic and its partner Hess have chosen to pull out of the Dinarta license in Iraqi Kurdistan after drilling difficulties.
8:00 PM EST | March 24, 2015
Petroceltic Directors Quit following EGM Vote
Petroceltic directors Don Wolcott and Joe Mach resign from the company's board after Chief Executive Brian O'Cathain survives vote to remove him.
7:00 PM EST | March 01, 2015
Petroceltic Sharpens Production Focus as Oil Prices Slump
Irish independent oil producer Petroceltic International will focus on improving volumes and costs at its core production assets and step backwards from certain exploration projects.
7:00 PM EST | January 14, 2015
Oil Producer Petroceltic's Largest Shareholder Seeks CEO's Ousting
Petroceltic International's largest shareholder calls for an EGM of the Irish company's shareholders to oust its chief executive.
7:00 PM EST | January 07, 2015
Ireland's Petroceltic Sued by Largest Shareholder
Irish oil producer Petroceltic is sued by its largest shareholder, Worldview Capital Management, which is also calling for the resignation of its CEO.
7:00 PM EST | December 07, 2014
Dragon Oil Drops Petroceltic Takeover on Weak Oil Prices
Dragon Oil drops its takeover offer for Petroceltic due to weak market conditions.
7:00 PM EST | November 30, 2014
Dragon Oil plans To Bid Around $800M For Petroceltic
Dragon Oil proposes a takeover of fellow oil producer Petroceltic.
8:00 PM EST | October 05, 2014
Petroceltic, Hess to Resume Oil Drilling in Iraqi Kurdistan in October
Oil and gas explorer Petroceltic will resume drilling in Iraqi Kurdistan together with partner Hess in early October, after operations were suspended last month at one of its wells due to security risks in the region.
8:00 PM EST | September 16, 2014
Oil Exploration in Kurdistan Halted Amid Violence
Hess Corp. is latest oil firm to suspend operations in Iraqi Kurdistan, as Kurdistan Regional Government halts exploration activities near potential combat zones.
8:00 PM EST | August 10, 2014
Petroceltic Completes Sale of Stake in Algerian PSC
Petroceltic International completes the sale of an 18.375-percent interest in the Isarene production sharing contract in Algeria to Sonatrach.
8:00 PM EST | July 07, 2014
Petroceltic Says Iraqi Kurdistan, Egypt, Romania Wells Disappoint
Petroceltic says some of its latest drilling work in Iraqi Kurdistan, Egypt and Romania failed to produce significant volumes of oil or gas.
8:00 PM EST | May 29, 2014
Petroceltic Confirms New Kurd Drill as it Awaits Further Shakrok Testing
Petroceltic International confirms that drilling on the Shireen-1 well in Iraqi Kurdistan will begin during the next month as it awaits testing results on the Shakrok well.
8:00 PM EST | May 07, 2014
Egypt Signs Oil, Gas Exploration Deals Dana, Edison, Petroceltic
Egypt signs gas and oil exploration deals with Dana Gas, Petroceltic International and Edison.
7:00 PM EST | February 12, 2014
Petroceltic Agrees Sale of Isarene PSC to Algeria's Sonatrach
Petroceltic International agrees to sell an 18.4% interest in the Isarene production sharing contract onshore Algeria to Sonatrach for up to $180 million.
7:00 PM EST | February 12, 2014
Petroceltic Reports Progress Ahead of Busy Year
Petroceltic International expects production to dip to between 20,000 and 22,000 barrels of oil per day in 2014 amid a busy year of exploration for the firm.
7:00 PM EST | January 06, 2014
Petroceltic Comes up Dry at Cobalcescu South-1 Well
Petroceletic International reports that its Cobalcescu South exploration well offshore Romania will be plugged and abandoned after failing to find commercial hydrocarbons.
7:00 PM EST | November 13, 2013
Petroceltic Cuts Full-Year Production Outlook
Petroceltic International cuts its production forecast for the year due to lower-than-anticipated Egyptian output.
8:00 PM EST | September 08, 2013
Petroceltic Kicks Off Drilling Campaigns in Romania, Kurdistan
Petroceltic International spuds two wells in Romania and Iraqi Kurdistan as it launches its latest drilling campaigns.
8:00 PM EST | September 01, 2013
Petroceltic Enters Greece with Patraikos Block Award
Junior explorer Petroceltic International is part of a consortium that has won a exploration concession offshore Greece.
8:00 PM EST | July 11, 2013
Petroceltic Launches Legal Action over North African Deals
Petroceltic launches legal proceedings in the High Court of Ireland over North African deals signed in 2004 and 2005.
8:00 PM EST | July 04, 2013
Petroceltic's 1st Black Sea Well Comes up Dry
Petroceltic International says its rig will move to complete the Kaliakra discovery well after the Kamchia-1 well failed to find commercial hydrocarbons.
8:00 PM EST | May 23, 2013
Petroceltic to Farm Out More of Isarene
Petroceltic says it is closer to farming out a further 18.375-percent interest in its Isarene Permit that contains the Ain Tsila, onshore Algeria.
8:00 PM EST | May 16, 2013
Petroceltic Plans Nine Wells over 18 Months
Petroceltic International plans a minimum of nine wells during the next 18 months in Bulgaria, Egypt, Kurdistan and Romania.
8:00 PM EST | April 21, 2013
Petroceltic Awarded Two Egyptian Blocks
Petroceltic and its partner Edison International awarded two blocks in Egypt.
8:00 PM EST | April 18, 2013
Petroceltic Comes Up Dry at Mesaha-1
Petroceltic International to press ahead with South Damas-2 development in Egypt after Mesaha-1 well comes up dry.
7:00 PM EST | February 05, 2013
Petroceltic Appoints Director for Algerian Wet Gas Project
Petroceltic International appoints project director for Ain Tsila wet gas development in Algeria, ahead of development planning which is to start this year.
7:00 PM EST | February 04, 2013
Melrose and Petroceltic Plan to Merge
Melrose Resources and Petroceltic International want to form a regional E&P firm focused on Africa, the Mediterranean and the Black Sea.
8:00 PM EST | August 16, 2012
Petroceltic Gears Up for Italy/Kurdistan Drilling Campaign
Petroceltic International plans to drill two wells in Italy and at least one in Kurdistan.
8:00 PM EST | August 08, 2012
Petroceltic Scoops Up Licenses Offshore Italy
Petroceltic Italia S.r.l. has been awarded two exploration licenses in the central Adriatic offshore Italy.
8:00 PM EST | July 04, 2012
Petroceltic Welcomes Italy's New Offshore Drilling Stance
Petroceltic International says new measures clarify regulations covering its offshore interests in Italy.
8:00 PM EST | June 28, 2012
Italy Lifts Ban for Certain Offshore Drilling Projects
Production and exploration concessions awarded before August 2010 to be exempted from offshore drilling ban.
8:00 PM EST | June 26, 2012
Petroceltic Touts 'Excellent' Flow Results at Algeria Field
Petroceltic issued an update on operations at the Ain Tsila field in Algeria.
7:00 PM EST | December 06, 2011
Petroceltic Successfully Frac Stimulates Algeria Well
"We are delighted to have successfully fracture stimulated the AT-7 well. This result confirms that commercial gas rates can be achieved in the south of the field after the mixed results of AT-6," said Brian O'Cathain.
7:00 PM EST | November 07, 2011
Petroceltic's Algerian Well Exceeds Expectations
Petroceltic announced that fracture stimulation of the AT-8 well on the Ain Tsila discovery in Algeria has further enhanced the substantial pre-facture flow rates announced earlier this month to 38.6 mmscf/d.
8:00 PM EST | October 09, 2011
Petroceltic Welcomes Head of Technical
Petroceltic announced the appointment of Geoff Probert as Head of Technical, a new role.
8:00 PM EST | October 03, 2011
Petroceltic Boasts Flow Results from Algeria Well
"We are delighted to have achieved such excellent flow results from the Ordovician reservoir at AT-8 without fracture stimulation," said Brian O'Cathain.
8:00 PM EST | October 02, 2011
Petroceltic's AT-5 Well Falls Short of Expectations
Petroceltic in association with its partner Sonatrach issued an update on operations at the Ain Tsila field on its Isarene permit (Blocks 228 & 229a) in south eastern Algeria.
8:00 PM EST | August 01, 2011
Petroceltic-Hess JV to Explore Iraqi Blocks
Petroceltic, in partnership with Hess, has executed two Production Sharing Contracts with the Kurdistan Regional Government of Iraq.
8:00 PM EST | July 26, 2011
Petroceltic Discovers Gas in South Eastern Algeria
Well AT-6, the third well in the current appraisal campaign on the Ain Tsila gas discovery was drilled to a total depth of 2085m and has successfully logged gas in the main Ordovician reservoir.
8:00 PM EST | July 11, 2011