DEO to benefit from new small field allowance

DEO Petroleum, the AIM-listed oil company focused in the North Sea, has welcomed this week's governmental Budget, which looks to encourage additional investment in the UK Continental Shelf.

DEO Petroleum, the AIM-listed oil company focused in the North Sea, has welcomed this week's governmental Budget, which looks to encourage additional investment in the UK Continental Shelf.

Chancellor of the Exchequer George Osborne announced on Wednesday a package of oil and gas measures to secure billions of pounds of investment in the oil and gas industry in the UK.

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