Lansdowne Oil & Gas plc Barryroe Lease Undertaking Application (1889H)
22 November 2022 - 6:47PM
UK Regulatory
TIDMLOGP
RNS Number : 1889H
Lansdowne Oil & Gas plc
22 November 2022
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the retained EU law version of 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).
22 November 2022
Lansdowne Oil & Gas plc
("Lansdowne" or the "Company")
Barryroe Lease Undertaking Application
Further to the announcement issued on 31 October regarding the
application for a Lease Undertaking for the Barryroe oil and gas
field, Lansdowne Oil & Gas ("Lansdowne" or "the Company") is
pleased to announce that it has submitted additional material
confirming financial capability, as requested by the Department of
the Environment, Climate and Communications ("DECC").
Lansdowne also notes the announcement issued today by Barryroe
Offshore Energy Plc that they have secured funding for up to EUR40
million, which covers 100% of the estimated cost of the work
programme as set out in the Lease Undertaking application.
Award of a Lease Undertaking is subject to Ministerial consent.
Upon award, drilling is now likely to take place in 2024, in order
to conduct drilling operations in the fair- weather window.
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 and Joint
Broker
Stuart Gledhill
Richard Hail
Tavira Financial Limited +44 (0) 20 3192 1739
Joint Broker
Oliver Stansfield
Notes to editors:
About Lansdowne
Lansdowne Oil & Gas (LOGP.LN) is a North Celtic Sea focused,
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 .
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END
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