There was good news in the half-year results from Middle East and North Africa-focused oil and gas company Petroceltic (PCI). Average production reached 25.2m barrels of oil equivalent per day (Mboepd) - beating analysts' estimates of nearer 24 Mboepd.
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Significantly, in July the group also agreed a farm-out deal with Sonatrach, the Algerian state oil and gas group, relating to the country's Ai Tsila gas field. With $35m (£22m) of cash inflow pending from that, and $160m due in total from Sonatrach, broker Goodbody reckons the group should now be funded until early 2016. Petroceltic also raised $100m through a placing in May.