Barryroe References

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	[phone]
Steve Boldy
SP Angel Corporate Finance LLP	[phone]
Nominated Adviser
Lindsay Mair
Richard Hail
Brandon Hill Capital	[phone]
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

 

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