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.
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.
-
Michelin Key Hotels 2025: the top destinations in the worldThe Michelin Keys have been awarded to spectacular hotels across the world. From Marlon Brando's private resort in Polynesia to a Bvlgari hotel in Tokyo, we look at some of the most extraordinary stays in 2025
-
MoneyWeek news quiz: How much could you get in car finance compensation?The car finance scandal, inheritance tax, and house prices all made headlines over the past few days. Test your knowledge while reviewing this week’s top stories with MoneyWeek’s news quiz
