The company’s stock, which has lost much of its value in recent months as the market grows impatient for a deal, was trading up more than 9% at £1.99 on London’s Alternative Investments Market and up more than 10% at €2.43 on Dublin's ISEQ market.
The explorer did not go in to detail on the deal in the offing, however, and said it was in talks with a number of parties about a phased development of the North Celtic Sea field.
The
