Subscribe 

Petroceltic’s share price slumps after Kurdistan well abandoned

Shares in Petroceltic International, an Irish oil and gas explorer, suffered their biggest slump in almost two years during trading in London yesterday. The major drop came after the company abandoned a well in Kurdistan because of a limited oil and gas find.

The Independent reports:

Shares in Petroceltic International, an Irish oil and gas explorer, suffered their biggest slump in almost two years during trading in London yesterday.

The major drop came after the company abandoned a well in Kurdistan because of a limited oil and gas find.