Petroceltic International posts update on Italian well permit

Shares in upstream oil and gas explorer Petroceltic International fell 1.25 per cent to 7.11p at 10:49 on Friday following news of a change to the timing of commitments on a permit for a well in Northwest Italy.

Shares in upstream oil and gas explorer Petroceltic International fell 1.25 per cent to 7.11p at 10:49 on Friday following news of a change to the timing of commitments on a permit for a well in Northwest Italy.

The AIM-listed company stated that it had been advised that the operator of its Carisio permit - Italian energy major Eni - had lodged an application with the Ministry of Economic Development to suspend the current timing of the commitments on the permit until the completion of the environmental approval process for the Carpignano Sesia-well.

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