Petroceltic International plc has initiated a formal strategic review of the Company's business and assets with a view to considering all options to maximise value for shareholders and stakeholders.

Since the announcement of the Group's 2015 Half Year Results on 30 September 2015, production and development have continued in accordance with expectations, and the Company confirms that it expects full year production to average approximately 14.4 Mboepd, in line with earlier guidance.

Tags: Petroceltic International plc