Antrim Energy gains on first oil production from Cormorant East

Antrim Energy advanced Monday following the announcement of the first oil production from its Cormorant East Field in UK Northern North Sea.

Antrim Energy advanced Monday following the announcement of the first oil production from its Cormorant East Field in UK Northern North Sea.

The oil and gas company said an initial production rate of 5,500 barrels of oil per day with no water was achieved - 85 days following the discovery of the field.

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