Altinex Says Oil Find Is `Significant;’ Shares Jump

Altinex ASA, a Norwegian oil and gas company, said a test showed the Huntington field in the U.K. North Sea is a “significant” oil discovery.

“There is no doubt that Huntington is a significant discovery,” Altinex’s Chief Executive Officer Olaf Ellingsen said in the statement. “We will now push for fast-track appraisal and development of this new North Sea find.’

Bloomberg