"Velvet" end

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Possible Answers: EEN.

Last seen on: Universal Crossword – May 10 2018

Random information on the term “EEN”:

Emerald Energy plc is a British energy company with headquarters in London but is registered offshore in the Isle of Man. The company specializes in oil exploration and production of hydrocarbons. Formerly listed on the London Stock Exchange and a constituent of the FTSE 250 Index, the firm was acquired by Sinochem Group in October 2009.

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The company was established in 1996 when it was first listed on the London Stock Exchange as an oil exploration business. Later in 1996 it secured its first major opportunity at the Matambo field in Colombia. By 1998 it had started drilling at Gigante in the Matambo field.

In May 2000 a serious fire at Gigante put a well out of production for several months.

The company extended its activities to Campo Rico in Colombia in 2002 and to Fortuna in Colombia in 2003. In 2003 it also started activities in Syria, its first move outside Colombia, and replaced the Board and senior management.

On 13 July 2009 the company announced that it was in preliminary takeover talks with a third party.

EEN on Wikipedia