Lansdowne Oil & Gas plc Barryroe References (6068L)
28 December 2018 - 6:00PM
UK Regulatory
TIDMLOGP
RNS Number : 6068L
Lansdowne Oil & Gas plc
28 December 2018
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement via Regulatory Information Service
("RIS"), this inside information is now considered to be in the
public domain. If you have any queries on this, then please contact
Steve Boldy, the Chief Executive Officer of the Company
(responsible for arranging release of this announcement).
Lansdowne Oil & Gas plc
("Lansdowne" or the "Company")
Standard Exploration Licence 1/11
Barryroe, North Celtic Sea Basin
28 December 2018
Lansdowne Oil & Gas plc (AIM: LOGP), the North Celtic Sea
focused, oil and gas company, notes the announcement today by
Providence Resources P.l.c. ("Providence") that, amongst other
topics, summarises activities over the past year on Standard
Exploration Licence 1/11. This licence contains the Barryroe oil
accumulation, where Lansdowne retains a 10% working interest,
following a successful farm-out agreement that provides for a
full-cost carried firm drilling programme comprising four vertical
wells and one horizontal sidetrack, plus the optional drilling of
two further horizontal wells. In the last quarter, Providence
confirmed that there has been progression on key operational
contractual arrangements and that, subject to receipt of standard
regulatory consents, the planned multi-well drilling programme is
scheduled to commence in Q3 2019.
For further information please contact:
Lansdowne Oil & Gas plc +353 1 963 1760
Steve Boldy
SP Angel Corporate Finance LLP +44 (0) 20 3470 0470
Nominated Adviser
Lindsay Mair
Richard Hail
Brandon Hill Capital +44 (0) 20 3463 5061
Broker
Oliver Stansfield
Notes to editors:
About Lansdowne
Lansdowne Oil & Gas (LOGP.LN) is a North Celtic Sea
focussed, oil and gas exploration and appraisal company quoted on
the AIM market and head quartered in Dublin.
For more information on Lansdowne, please refer to
www.lansdowneoilandgas.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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