On Air Manx Radio Breakfast Ben Hartley & Sian Cowper | 7:30am - 9:30am

Crogga ready to approach drilling rig contractors after six-week share offer ends

Almost 4,000 visit company's share access page during search for new shareholders

A company that hopes to drill for gas off the Island's coast says it's now ready to start approaching drilling rig contractors.

Crogga is aiming to begin a three-month drilling operation at a site off Maughold towards the end of this year.

It comes after the organisation invited investors to buy shares to fund the operation.

The opportunity to purchase shares has now closed, with Crogga stating almost 4,000 people visited its access page during the six-week share offer.

More from Isle of Man News