Heavy Oil Investing News » Nautical Petroleum received 100 mln pounds budget boost

Nautical Petroleum received 100 mln pounds budget boost

April 23, 2009 @ 2:46 am In Heavy Oil Company News

Nautical Petroleum has rallied to its highest since last October after predicting allowances made in yesterday Budget will boost the value of its North Sea assets by almost £100m. Heavy oil related developments have been given a Field Allowance of £800m by the Treasury as a specific target.

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