Energean explores Greece

Energean Oil & Gas plans to increase its exploration and production offshore Greece. The firm received $60 million from the newlycreated Third Point Hellenic Recovery Fund. The cash will fund a four-well program in 2013 with the goal of doubling production to 4000b/d by year end. It will also help start the Epsilon development plan, a 32MMbbl satellite field to the Prinos field.