Roscarberry Licensing Option

RNS Number : 7726U

Island Oil and Gas PLC

19 May 2008

 



Island Oil & Gas PLC

('Island' or 'the Company')

Roscarberry Licensing Option

In August 2007 the Company was awarded a 22% interest in Exploration Licence 5/07, which extends over parts of blocks 48/17, 48/18, 48/19, 48/22 and 48/24 and contains the Roscarberry prospect, as well as the Galley Head (48/18-1) and Carrigaline (48/24-4) gas discoveries.  

Island has at this time elected not to participate in the award of the Exploration Licence which would involve additional exploration commitments for the Company.  The reallocation of interests in the Licence is awaiting approval by the Department of Communications, Energy and Natural Resources (DCENR).

19 May 2008

Further information:

Island Oil & Gas plc

Paul Griffiths

Karl Prenderville                            Tel: [phone]

www.islandoilandgas.com

Davy (NOMAD and broker)

Anthony Farrell                             Tel: [phone]

Landsbanki (UK broker)

Simon Robinson                            Tel: [phone]

College Hill (Financial PR)

Paddy Blewer                                Tel: [phone]

Nick Elwes                    

 

END

 

 

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