Celtic Sea Portfolio Update

RNS Number : 2801W

Lansdowne Oil & Gas plc

26 April 2016

 

Lansdowne Oil & Gas plc

Celtic Sea Portfolio Update

26 April 2016

Lansdowne Oil & Gas ("Lansdowne" or "the Company"), the independent oil and gas company focussed on offshore Ireland, provides an update on Lansdowne's licences in the Celtic Sea offshore the south coast of Ireland.

Standard Exploration Licences 5/07 (Rosscarbery) and 5/08 (Amergin)

Due to adverse industry conditions, attempts to farm-out SEL 5/07, containing the Rosscarbery and SE Rosscarbery gas prospects, and SEL 5/08, containing the Amergin prospect, have been unsuccessful. As Lansdowne has not been able to demonstrate that drilling will be achieved in 2016 these licences have lapsed with effect from 31 December 2015.

For further information please contact:

Lansdowne Oil & Gas plc Steve Boldy Richard Slape	[phone]
Cantor Fitzgerald Europe Sarah Wharry David Porter	[phone]

Qualified Person Review

This release has been reviewed by Stephen Boldy, Chief Executive of Lansdowne, who is a petroleum geologist with 35 years' experience in petroleum exploration and management. Dr Boldy has consented to the inclusion of the technical information in this release in the form and context in which it appears.

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.

Lansdowne holds acreage in the North Celtic Sea Basin, including a 20% stake in Exploration Licence SEL1/11 which contains the Barryroe oil field.

For more information on Lansdowne, please refer to www.lansdowneoilandgas.com.

 

END

 

 

MSCBLGDSRUDBGLU