Melrose Rebounds On More Positive Drilling Update

Summary


SHARES in Melrose Resources jumped 3.5 per cent yesterday after the Edinburgh-based oil company put out a well-received drilling and operations update to the market.

Melrose said fast-track processing of seismic data coming in from Bulgarian blocks 91-111 and Block Kaliakra 99 had been completed "and is proving to be of excellent quality".

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Melrose Rebounds On More Positive Drilling Update

In its statement, the company said: "Detailed interpretations will become available ove...

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