Company starts phase III trial for ‘butterfly skin’ disease
Company formed last year through reverse takeover of former oil and gas firm Fastnet
Investors worry central banks less willing to use monetary policy to stimulate growth
Company also announces granting of US patent for its lead drug Episalvan
Orphan drug development business was subject to reverse takeover by oil and gas group Fastnet
Dublin and London-listed firm recently completed demerger of oil and gas assets
Impairment charge arises from decision to surrender exploration licences
Firm also extends options in East Mizzen, Shanagarry and Block 49/13 for 18 months
Company says drilling on a second well on Foum Assaka farm-out is likely
Kosmos Energy estimates Foum Assaka well contains 360 million barrels of oil equivalent
Fastnet issues Morocco licence update; Aminex open offer raises £670,797
On currency markets, sterling was boosted by a sharp fall in the unemployment rate from 7.6% to 7.4%
Irish exploration firm said total hydrocarbon column of the field is now only 700 metres
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