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Island Oil & Gas provides Celtic Sea assets update


Published Oct 29, 2009
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Island Oil & Gas resource update

Following on from previous disclosures regarding monetization of the Celtic Sea assets the Board of Island has suspended all discussions with interested parties pending the outcome of the approach in relation to a possible offer from San Leon Energy plc (San Leon).

The Board has taken into consideration San Leon's expression of interest in combining greater financial, technical and operational resources to retain and develop the Celtic Sea assets and create potentially valuable opportunities for a future Celtic Sea gas storage business.

Tags: Island Oil & Gas



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