Merger plan sets up Petroceltic for major Algerian development
Issue 238
- 07 Sep 2012
| 4 minute read
Just two weeks after declaring commerciality at its large Ain Tsila gas discovery in south-east Algeria, Irish independent Petroceltic announced a planned reverse takeover of Melrose Resources, satisfying its ambition to acquire some production directly and solidifying control of its major Algerian asset, writes John Hamilton.
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