Cormorant East's other participants include Dana (20%), Antrim Resources (8.4%), First Oil Expro (7.6%) and Granby Enterprises (4%).

BBC: Dana Petroleum reports first oil from North Sea field

The rest is held by the Parkmead Group (15%), First Oil Expro Ltd (11%) and CalEnergy Gas Ltd (15%).

BBC: Dana Petroleum reports 'strong' gas well results