Cornerstone ready for ‘massive’ UK North Sea opportunity after buying up assets

Gas firm Cornerstone Resources, backed by the former CEOs of IOG and Ithaca Energy, is targeting a “massive opportunity” in the southern North Sea as it solidifies its position in the region.

The company’s chief executive Peter Young says the firm is in the basin for the long haul and looking to continue expanding its portfolio of developments.

In line with its ambition, Cornerstone has completed the acquisition of a handful of assets from Painted