Island Oil and Gas PLC said it spudded a gas appraisal well (49/23-2) in the Celtic Sea, offshore Ireland.
The well is the first of this year's drilling program. It is also the company's second well at the Old Head of Kinsale and follows on from the
gas discovery with its operated well 49/23-1 in 2006.
The company plans to produce first gas in the fourth quarter of 2008.
Source: AFX