PREMIER SET TO DRILL WILDCAT IN IRISH SEA

Premier Consolidated Oilfields plc is the latest company to drill in Irish Sea Grid 110 off the west coast of England. Here British Gas plc has Morecambe gas field on stream, but more recent discoveries hold significant oil as well as gas reserves. Premier is to spud a wildcat on Block 110/10, 5 miles off the coastal resort of Blackpool. The block was awarded in the 12th offshore licensing round. This 40 day drilling program will complete the single well commitment on the license.

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