Company Information for Lansdowne Oil & Gas plc

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Company Statement

Lansdowne Oil & Gas plc, an English public limited company, was admitted to trading on the Alternative Investment Market of the London Stock Exchange on 21 April 2006. The Company and its subsidiaries form an energy group operating in Ireland, focused on exploration for commercial oil and gas reserves in the shallow water of the North Celtic Sea basin , nearshore southern Ireland.. The Group holds  and is operator of three Standard Exploration Licences and two Licensing Options.

The Irish offshore shelf areas have been targeted by the Group for exploration, as these provide shallow water (generally less than 100 metres), relatively low cost opportunities and good fiscal terms, potentially resulting in high value reserves.

Operations and Technology

Lansdowne Oil & Gas Plc continues to pursue its focused approach to explore and develop its licensed areas in the North Celtic Sea basin, off the south coast of Ireland.

The Company continues its strategy of evaluating quality drillable prospects on its licensed areas and combining a long-term exploration programme for commercial oil with near-term exploitation of shallow gas targets. As a result, Lansdowne now holds rights, through its wholly owned subsidiaries, to three Standard Exploration Licences and one Licensing Option in the Irish offshore.

LICENCE 4/07 MIDLETON EAST KINSALE PROSPECT

Licence 4/07 incorporates part-blocks 49/11, 49/12, 49/17 and 49/18 immediately south-east of the Kinsale Head Gas field along the axis of the North Celtic Sea Basin. The licence encompasses an area of 542 sq. kms and is currently held 100% by Lansdowne. This licence contains the Midleton and the East Kinsale gas satellite prospects.

STANDARD EXPLORATION LICENCE 5/07 ROSSCARBERY

Licence 5/07 incorporates part-blocks 48/17, 48/18,48/19, 48/22 and 48/24 adjacent to and immediately north-west of the Kinsale Head Gas field. The licence encompasses an area of 366 sq. kms, lies in water depth of circa 100 metres, and is currently held 99% by Lansdowne as operator.

This licence contains the Galley Head (48/18-1) and Carrigaline (48/24-4) gas discoveries and the Rosscarbery, West Rosscarbery and SE Rosscarbery gas prospects.

STANDARD EXPLORATION LICENCE 5/08 AMERGIN

Licence 5/08 incorporates part-blocks 47/25, 48/21 and 48/22 on the north-western flank of the North Celtic Sea Basin. Situated in water depths of c.100 metres, the blocks cover an area of 449 sq kms and are approximately 30km from the south coast of Ireland.

- Two large structures, Amergin and Eremon, have been mapped at Jurassic level.

- Amergin is a tilted fault block with a primary reservoir objective in Upper & Middle Jurassic sandstone & oolithic carbonate sequences. The primary Jurassic reservoir target tested at a rate of 6,467 bopd in the Gulf Oil 49/9-2 discovery of the Helvick Field in 1983. Secondary reservoir targets may exist in deeper Jurassic (Sinemurian) sandstones and shallower Cretaceous (Wealden) sandstones.

- The Eremon structure is a northeast-southwest trending horst block mapped at Jurassic level, the only structure of this type identified on the northern flank of the basin.

- Lansdowne acquired 489 kms of new 2D seismic data in May 2008 over both the Amergin and Eremon structures.


- The new 2008 2D seismic data has resulted in much better imaging of the Jurassic structures and has confirmed Amergin as a robust structural closure.

BARRYROE LICENSING OPTION 08/1

Licensing option 08/1 ("Barryroe") incorporates part blocks 48/22, 48/23, 48/24, 48/27, 48/28, 48/29, 48/30 covering an area of 291 sq km along the axis of the North Celtic Sea Basin.

The Barryroe Licensing Option ("Barryroe") is held by Lansdowne (40 per cent), Island Oil & Gas plc ("Island") (30 per cent) and Providence Resources plc ("Providence") (30 per cent). Part of the Barryroe acreage lies beneath the Seven Heads Gas Field, with the boundary between the two concessions lying at 4,000ft (approximately 1,250m) sub-sea.
Three previous wells tested oil in the Barryroe Licence acreage which lies directly below the Marathon operated 

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