VALIANT Petroleum, the North Sea-focused firm which hoisted a for sale sign in September, said it had started production from the Causeway field, but at lower rates than expected.
AIM-listed Valiant said it had passed a key milestone by starting production from the Causeway field in the northern North Sea, in what chief executive Peter Buchanan called a "compressed time-frame".
Causeway is the first producing asset that Valiant has operated for itself.
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