Fastnet Equity (FAST)


Fastnet Oil & Gas News

Fastnet Oil & Gas

Fastnet Oil & Gas plc is an independent oil and gas exploration company that focuses on identifying early stage exploration and appraisal opportunities in Offshore Ireland and Africa. It is quoted on the AIM market of the London Stock Exchange and the Enterprise Securities Market ("ESM") of the Irish Stock Exchange. Fastnet's aim is to assemble a portfolio of high impact conventional oil and gas assets that will deliver sustainable growth and value for the Company. Its immediate focus is on implementing its Offshore Ireland and Africa strategies where it has been awarded four offshore licensing options in the Celtic Sea (Molly Malone Basin, Shanagarry, 49/13 and Mizzen Basin) and acquired a material interest in the highly prospective Foum Assaka permit Offshore Morocco. In addition, Fastnet will continue to pursue new conventional oil and gas opportunities in Africa where the Directors and Advisory Board also have extensive knowledge, contacts and experience of creating value.

Latest News

ESM - Cancellation Notice

ESM Schedule 1 Update

Miscellaneous medium priority announcements

Schedule One update - Fastnet Equity plc

Fastnet passes GM resolutions

Fastnet Equity has announced that all resolutions proposed at the General Meeting of the Company held earlier today were...
19-04-16ESM - Cancellation NoticeRNS
18-04-16Schedule One update - Fastnet Equity plcRNS
18-04-16ESM Schedule 1 UpdateRNS
18-04-16Fastnet passes GM resolutionsStockMarketWire
18-04-16Result of General Meeting and Change of NameRNS
31-03-16Fastnet takeoverStockMarketWire
31-03-16FTSE shies from highs as profiteers hit resourcesStockMarketWire
31-03-16ESM Schedule 1RNS
31-03-16Restoration - Fastnet Equity plcRNS
31-03-16Schedule One - Fastnet Equity plcRNS
31-03-16Proposed Acquisition of Amryt PharmaceuticalsRNS
07-03-16Mayday, Mayday! Fastjet warns againInteractive Investor
22-02-16Fastnet in advanced talks over Amryt dealStockMarketWire
22-02-16Potential Acquisition and Statement re SuspensionRNS
22-02-16Suspension - Fastnet Equity plcRNS
21-12-15Shire founder joins Fastnet board StockMarketWire
21-12-15Fastnet losses narrow StockMarketWire
21-12-15Appointment of Non-executive DirectorRNS
21-12-15Interim ResultsRNS
18-12-15Fastnet demerger of oil and gas assetsStockMarketWire
18-12-15Demerger of Oil and Gas AssetsRNS
30-09-15Fastnet passes AGM resolutionsStockMarketWire
30-09-15Result of Annual General MeetingRNS
04-09-15Fastnet Equity losses jumpStockMarketWire
04-09-15Final ResultsRNS
28-08-15Result of General MeetingRNS
11-08-15Proposed adoption of Investing Policy/Notice of GMRNS
03-07-15Director Deals - Fastnet Oil & Gas PLC (FAST)StockMarketWire
03-07-15Director/PDMR ShareholdingRNS
26-06-15Director Deals - Fastnet Oil & Gas PLC (FAST)StockMarketWire
26-06-15Director/PDMR ShareholdingRNS
02-06-15Holding(s) in CompanyRNS
01-06-15Fastnet continues to scrutinise costsStockMarketWire
01-06-15Corporate UpdateRNS
26-03-15Celtic Sea PortfolioRNS
27-01-15Fastnet CFO leaves as part of cost cuts StockMarketWire
27-01-15Directorate ChangeRNS
09-01-15Holding(s) in CompanyRNS
02-01-15Fastnet's option over Tendrara expires StockMarketWire
02-01-15Expiry of Tendrara Option AgreementRNS

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Latest from Edison Investment Research

  • Daily comment

    Tue, 6th May 2014 - 10:44
  • Game on at Foum Assaka

    Thu, 10th April 2014 - 14:51
    Having secured the most valuable farm-out terms of all the junior explorers offshore Morocco, Fastnet is now drilling its first well, FA-1, targeting the 360mmboe Eagle prospect. The company has secured a two-well carry from SK Innovations that follows its partner Kosmos’s deal with BP, announced in late 2013. With investor focus firmly on Morocco, we expect the valuation gap to our NAV of 24-37p/share could narrow before TD is reached in a couple of months. Meanwhile, beyond FA-1 investors can also look forward to drilling onshore Morocco later in the year.
  • Building Moroccan momentum once again

    Tue, 19th November 2013 - 09:13
    Fastnet has made another important step ahead of 2014 drilling with CPR confirmation of contingent and prospective resources at Tendrara as well as desktop studies confirming both a robust drill plan and potential development scheme. Meanwhile, the Foum Assaka farm-out process is close to completion (due in December), with Fastnet looking to beat the impressive Kosmos/BP deal secured recently. Both Moroccan targets are set to be drilled in H114, subject to rig deals, while Celtic Sea drilling is now likely to be a 2015 activity, subject to farm-out. The ball is already running in Morocco, with Cairn expecting to hit TD at Foum Draa in late December, with 10+ wells planned to drill over the next 12 months.