Annual Report & Accounts 2013

 
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chairman

Chairman’s Statement

When we executed the merger between Petroceltic and Melrose in October 2012, we saw a great opportunity to build a balanced exploration and production business, with a clear regional focus and a good blend of operating, financial and technical skills...

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CHIEF EXECUTIVE’S REVIEW

Following a year of fundamental change for Petroceltic in 2012 brought about by the merger with Melrose Resources plc, 2013 was a year of integration and delivery and the creation of a business organisation capable of sustained long term growth...

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OPERATIONAL REVIEW

During 2013, Petroceltic made significant progress towards the development of the strategically important Ain Tsila gas condensate field through the achievement of a number of key milestones...

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FINANCIAL REVIEW

The financial results for 2013 reflect the first full year of operations of the enlarged business and these results clearly demonstrate the transformation of Petroceltic...

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