Fastnet Oil in talks with potential bidders for Celtic Sea assets
NEW Irish oil exploration company Fastnet Oil & Gas has begun sharing information with potential bidders for its assets in the Celtic Sea.
Shares were unchanged today at 32 cents each following the announcement.
The company opened a “data room” for the Celtic Sea assets on 22 March 2013 with a range bidders now going through the sales information, it said in a notice to the stock market.
Potential bidders range from major international oil companies to other small firms, Fastnet said.
“Super majors, mid-caps and small-caps are conducting initial due diligence,” the company said.