North Sea-focused explorer Antrim Energy jumped on Thursday after two pieces of news got investors excited.
The firm said Premier Oil had begun drilling operations at the Cyclone prospect in the Central North Sea, in which Antrim has a 30% working interest.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Antrim also announced the UK government had approved its field development plan for the Cormorant East Field.
The plans calls for the field to be initially produced under primary depletion, with the potential to install a
water injection scheme at a later date.
Shares in Antrim were up 9.8% at midday on Thursday following the announcements.
-
How to pay in a chequeReceiving or writing a cheque has become much less common in recent years as instant bank transfers have grown in popularity. Amid widespread bank branch closures, we explain what to do if you get a cheque, and how you can pay one into your bank account.
-
Crypto assets of seven million UK investors at risk – how to keep yours safeCryptocurrency wallet rules make it hard to track down assets after someone has died, even if they leave a will saying who they would like to inherit them
