The Dublin and London-listed company is firming up theoption for the proposed Merada exploration licence it acquired through thepurchase of Pathfinder Hydrocarbon Ventures in July.
The Merada project area comprises four exploration permitsin the Guercif basin in north-east Morocco.
Under the proposed licence, Fastnet would in the initialthree-year exploration period reprocess and interpret existing 2D seismic databefore possibly acquiring some new 2D data.
