The company has already expanded rapidly, hiking its revenue to $104mn for the first half of 2013 from next to nothing one year earlier, following the October 2012 takeover of UK-based but Egypt-focused Melrose resources (all current production relates to former Melrose assets – MEES, 16 November, 2012).
Company Profile: Petroceltic Plots Big League Transformation
20 Sep 2013
Issue:
56 / 38
Irish Independent Petroceltic hopes its $1.5bn development of the Ain Tsila field in Algeria, a project whose scope is of a different magnitude to anything it has previously attempted, will be a game changer for the company.
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Tables
table 1: Petroceltic’s Producing Assets (1H13 numbers)
table 2: Petroceltic’s Non-Producing Assets
table 3: petroceltic capital expenditure breakdown by country
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