Petroceltic International PLC Company News
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Petroceltic Board Steps Down Following Survival Scheme Approval
Friday, June 17, 2016The entire board of Petroceltic will step down after the Irish High Court approves the company's latest survival scheme.
At-13 Well in Algeria Hits 240-Foot Gas-Bearing Formation
Monday, May 23, 2016The AT-13 development well in Algeria penetrates a 240-foot gas and condensate bearing formation.
Petroceltic Says Worldview To Take Control Of Group
Thursday, May 12, 2016Petroceltic International Plc says a court examiner has selected its largest shareholder, Worldview Capital Management, to take control of the group.
Sunny Hill: Petroceltic Takeover Offer Lapses
Friday, April 15, 2016An 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.
Petroceltic Board Recommends Shareholders Accept Buyout Offer
Wednesday, April 06, 2016The board of directors of Irish oil producer Petroceltic recommends that shareholders accept an all-cash offer from investor Worldview Capital Management.
Petroceltic: First Ain Tsila Development Well 'Successful'
Tuesday, April 05, 2016Petroceltic 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".
Petroceltic Gets Buyout Offer from Largest Shareholder
Friday, February 26, 2016Petroceltic 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.
Petroceltic: Algeria AT-10 Well Spudded
Monday, February 22, 2016Petroceltic International plc announces that well AT-10, located on the Ain Tsila gas and condensate field in Algeria, has been spud.
Petroceltic Sells Egyptian Licenses to Edison
Thursday, February 18, 2016Petroceltic 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.
Petroceltic Could Receive Takeover Offer From Shareholder
Friday, January 22, 2016Private 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.
Petroceltic International Sells Romanian Interests
Tuesday, June 16, 2015Junior 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.
Hess, Petroceltic Pull Out of Kurdistan License
Wednesday, March 25, 2015Petroceltic and its partner Hess have chosen to pull out of the Dinarta license in Iraqi Kurdistan after drilling difficulties.
Petroceltic Directors Quit following EGM Vote
Monday, March 02, 2015Petroceltic directors Don Wolcott and Joe Mach resign from the company's board after Chief Executive Brian O'Cathain survives vote to remove him.
Petroceltic Sharpens Production Focus as Oil Prices Slump
Thursday, January 15, 2015Irish independent oil producer Petroceltic International will focus on improving volumes and costs at its core production assets and step backwards from certain exploration projects.
Oil Producer Petroceltic's Largest Shareholder Seeks CEO's Ousting
Thursday, January 08, 2015Petroceltic International's largest shareholder calls for an EGM of the Irish company's shareholders to oust its chief executive.
Ireland's Petroceltic Sued by Largest Shareholder
Monday, December 08, 2014Irish oil producer Petroceltic is sued by its largest shareholder, Worldview Capital Management, which is also calling for the resignation of its CEO.
Dragon Oil Drops Petroceltic Takeover on Weak Oil Prices
Monday, December 01, 2014Dragon Oil drops its takeover offer for Petroceltic due to weak market conditions.
Dragon Oil plans To Bid Around $800M For Petroceltic
Monday, October 06, 2014Dragon Oil proposes a takeover of fellow oil producer Petroceltic.
Petroceltic, Hess to Resume Oil Drilling in Iraqi Kurdistan in October
Wednesday, September 17, 2014Oil 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.
Oil Exploration in Kurdistan Halted Amid Violence
Monday, August 11, 2014Hess Corp. is latest oil firm to suspend operations in Iraqi Kurdistan, as Kurdistan Regional Government halts exploration activities near potential combat zones.
Petroceltic Completes Sale of Stake in Algerian PSC
Tuesday, July 08, 2014Petroceltic International completes the sale of an 18.375-percent interest in the Isarene production sharing contract in Algeria to Sonatrach.
Petroceltic Says Iraqi Kurdistan, Egypt, Romania Wells Disappoint
Friday, May 30, 2014Petroceltic says some of its latest drilling work in Iraqi Kurdistan, Egypt and Romania failed to produce significant volumes of oil or gas.
Petroceltic Confirms New Kurd Drill as it Awaits Further Shakrok Testing
Thursday, May 08, 2014Petroceltic 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.
Egypt Signs Oil, Gas Exploration Deals Dana, Edison, Petroceltic
Thursday, February 13, 2014Egypt signs gas and oil exploration deals with Dana Gas, Petroceltic International and Edison.
Petroceltic Agrees Sale of Isarene PSC to Algeria's Sonatrach
Thursday, February 13, 2014Petroceltic International agrees to sell an 18.4% interest in the Isarene production sharing contract onshore Algeria to Sonatrach for up to $180 million.
Petroceltic Reports Progress Ahead of Busy Year
Tuesday, January 07, 2014Petroceltic 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.
Petroceltic Comes up Dry at Cobalcescu South-1 Well
Thursday, November 14, 2013Petroceletic International reports that its Cobalcescu South exploration well offshore Romania will be plugged and abandoned after failing to find commercial hydrocarbons.
Petroceltic Cuts Full-Year Production Outlook
Monday, September 09, 2013Petroceltic International cuts its production forecast for the year due to lower-than-anticipated Egyptian output.
Petroceltic Kicks Off Drilling Campaigns in Romania, Kurdistan
Monday, September 02, 2013Petroceltic International spuds two wells in Romania and Iraqi Kurdistan as it launches its latest drilling campaigns.
Petroceltic Enters Greece with Patraikos Block Award
Friday, July 12, 2013Junior explorer Petroceltic International is part of a consortium that has won a exploration concession offshore Greece.
Petroceltic Launches Legal Action over North African Deals
Friday, July 05, 2013Petroceltic launches legal proceedings in the High Court of Ireland over North African deals signed in 2004 and 2005.
Petroceltic's 1st Black Sea Well Comes up Dry
Friday, May 24, 2013Petroceltic International says its rig will move to complete the Kaliakra discovery well after the Kamchia-1 well failed to find commercial hydrocarbons.
Petroceltic to Farm Out More of Isarene
Friday, May 17, 2013Petroceltic says it is closer to farming out a further 18.375-percent interest in its Isarene Permit that contains the Ain Tsila, onshore Algeria.
Petroceltic Plans Nine Wells over 18 Months
Monday, April 22, 2013Petroceltic International plans a minimum of nine wells during the next 18 months in Bulgaria, Egypt, Kurdistan and Romania.
Petroceltic Awarded Two Egyptian Blocks
Friday, April 19, 2013Petroceltic and its partner Edison International awarded two blocks in Egypt.
Petroceltic Comes Up Dry at Mesaha-1
Wednesday, February 06, 2013Petroceltic International to press ahead with South Damas-2 development in Egypt after Mesaha-1 well comes up dry.
Petroceltic Appoints Director for Algerian Wet Gas Project
Tuesday, February 05, 2013Petroceltic International appoints project director for Ain Tsila wet gas development in Algeria, ahead of development planning which is to start this year.
Melrose and Petroceltic Plan to Merge
Friday, August 17, 2012Melrose Resources and Petroceltic International want to form a regional E&P firm focused on Africa, the Mediterranean and the Black Sea.
Petroceltic Gears Up for Italy/Kurdistan Drilling Campaign
Thursday, August 09, 2012Petroceltic International plans to drill two wells in Italy and at least one in Kurdistan.
Petroceltic Scoops Up Licenses Offshore Italy
Thursday, July 05, 2012Petroceltic Italia S.r.l. has been awarded two exploration licenses in the central Adriatic offshore Italy.
Petroceltic Welcomes Italy's New Offshore Drilling Stance
Friday, June 29, 2012Petroceltic International says new measures clarify regulations covering its offshore interests in Italy.
Italy Lifts Ban for Certain Offshore Drilling Projects
Wednesday, June 27, 2012Production and exploration concessions awarded before August 2010 to be exempted from offshore drilling ban.
Petroceltic Touts 'Excellent' Flow Results at Algeria Field
Wednesday, December 07, 2011Petroceltic issued an update on operations at the Ain Tsila field in Algeria.
Petroceltic Successfully Frac Stimulates Algeria Well
Tuesday, November 08, 2011"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.
Petroceltic's Algerian Well Exceeds Expectations
Monday, October 10, 2011Petroceltic 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.
Petroceltic Welcomes Head of Technical
Tuesday, October 04, 2011Petroceltic announced the appointment of Geoff Probert as Head of Technical, a new role.
Petroceltic Boasts Flow Results from Algeria Well
Monday, October 03, 2011"We are delighted to have achieved such excellent flow results from the Ordovician reservoir at AT-8 without fracture stimulation," said Brian O'Cathain.
Petroceltic's AT-5 Well Falls Short of Expectations
Tuesday, August 02, 2011Petroceltic 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.
Petroceltic-Hess JV to Explore Iraqi Blocks
Wednesday, July 27, 2011Petroceltic, in partnership with Hess, has executed two Production Sharing Contracts with the Kurdistan Regional Government of Iraq.
Petroceltic Discovers Gas in South Eastern Algeria
Tuesday, July 12, 2011Well 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.