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Petroceltic Intnl - Algerian Exploration Licencing Round

RNS Number : 6587Z Petroceltic International PLC 23 July 2008 Dublin 23nd July 2008 Petroceltic International plc PREQUALIFICATION FOR UPCOMING ALGERIAN EXPLORATION LICENCING ROUND Petroceltic International plc ('Petroceltic' or the 'Company') announces that it has received confirmation from Algeria's National Agency for the Valorisation of Hydrocarbons, ('ALNAFT') that it has prequalified for the upcoming Algerian oil and gas exploration licencing round as an Operator and Investor for onshore licences. The 7th Algerian licencing round, and the first since the adoption of the new Hydrocarbons law of 2006, was launched by ALNAFT on 10th July 2008. The round will invite bids from Operators and Investors for 45 exploration and production blocks in 16 permits, divided between nine hydrocarbon basins. The round closes in December 2008. Commenting on the announcement, Brian O'Cathain, Executive Chairman of Petroceltic said: 'We are delighted to have been prequalified as an Operator and Investor by ALNAFT for this round, especially as Petroceltic is one of the few AIM-listed independent oil and gas companies to have done so. We look forward to an interesting process of evaluation of potential bids over the coming months. Algeria is one of the most prospective established oil and gas provinces close to Europe and is a territory in which Petroceltic has a proven track record of success. ' Press enquiries to: John Craven /Brian O'Cathain Petroceltic International plc Tel: +353 1 421 8300 Joe Murray / Joe Heron James Henderson / Alisdair Haythornthwaite Murray Consultants Pelham PR Tel: +353 1 498 0300 Tel: +44 20 7743 6676 This information is provided by RNS The company news service from the London Stock Exchange END DRLSEDFWESASEFW

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