The Irish Government last night announced that it had received cabinet approval for a new renewable energy project, similar to the UK's Contracts for Difference (CfD) auctions.
Antrim Energy said its subsidiary has received formal approval from the Irish department of Communications, Energy and Natural Resources of its application for its 100% working interest in the Frontier Exploration Licence.
While it is Providence Resources that leads the field offshore Ireland, on November 12 it was tiny Petrel Resources that grabbed stock market attention with its prediction of a 1billion barrels prospect to the west of Ireland.
Privately financed UK company Chrysaor has started pre-drill studies ahead of appraisal drilling on the Spanish Point discovery in the Porcupine Basin on the Irish Atlantic Frontier.