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Company Information for Lansdowne Oil & Gas plc

Company stock charts - 6 Month chart

Exchange AIM; LOGP


View full financial data

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 is a junior independent oil and gas exploration company listed on the AIM market of the London Stock Exchange since April 21st, 2006. Lansdowne has its operating headquarters based in Dublin, Ireland.

Lansdowne is focused on oil and gas exploration and appraisal opportunities in the North Celtic Sea Basin (“NCSB”) offshore southern Ireland. Lansdowne, as operator, holds rights, through its wholly owned subsidiaries, to three Standard Exploration Licences and two Licensing Options in the proven oil and gas prone shallow waters of the NCSB. 

Lansdowne’s portfolio consists of Cretaceous gas exploration and appraisal assets that primarily flank the Marathon Oil operated Kinsale Head and Seven Head’s gas-fields and associated infrastructure. Lansdowne, through the acquisition of Milesian Oil & Gas Limited in December 2007, acquired a substantial position along the basin margin in already identified Jurassic exploration targets with potential for oil and gas. Lansdowne further consolidated its position in the NCSB with the award of a Licensing Option giving it and its joint-venture partners rights to the proven oil productive horizons 4000 feet beneath the Seven Heads gas-field discovered by the Esso/Marathon consortium in the 1970’s. Oil from Cretaceous reservoirs was successfully tested at flow rates of between 1,300 bopd and 1,600 bopd, from three previously drilled exploration wells, two by Esso in the early ‘70’s and one by Marathon in the early ‘90’s, on what is now called the Barryroe Oilfield. 

Lansdowne has targeted the Irish offshore shallow shelf areas for exploration and exploitation as it considers the proven oil and gas productive NCSB relatively underexplored in the context of the North Sea neighbouring basins. Lansdowne’s portfolio of opportunities offers a relatively low-cost shallow water drilling environment that combined with excellent fiscal terms afford a realistic expectation of high returns on investment within the medium term. Lansdowne’s in-house knowledge and experience as provided by its management and technical team, coupled with its comprehensive data-base, assures its competitive advantage within the industry in this region.



Board of Directors and Key Management

Non-Executive Chairman : John Greenall
Chief Executive Officer : Dr Stephen Boldy
Director of Business Development : Emmet Kevin Brown
Finance Director and Company Secretary : Christopher Moar
Non-Executive Director : Steven Bertram
Non-Executive Director : Viscount Torrington
Non-Executive Director : Steven George Lampe
Non-Executive Director : Thomas Anderson

Company Address

26 Upper Pembroke Street
Dublin, Ireland

Telephone:+(353) 16373934
Facsimile:+(353) 16620365
Email:info[at]lansdowneoilandgas.com
Website:http://www.lansdowneoilandgas.com

Additional Address/Key Contact

UK
Lansdowne Oil and Gas plc
Britannia House
Endeavour Drive
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6UF

Tel: +44 (0)1224 748480
Fax: +44 (0)1224 748481
Email: info@lansdowneoilandgas.com

Nominated Brokers

Canaccord Adams Limited

Nominated Advisors

Canaccord Adams Limited

Related News

06/02/09 - Lansdowne Oil & Gas Updates CPR Estimates As It Seeks Partners To Progress Celtic Sea Exploration

Most Recent Statement

09/02/09 - Director/PDMR Shareholding
09/02/09 - New loan facility and reissue of warrants
03/02/09 - Resource Update and Issue of Equity
26/09/08 - Interim Results for the six months to 30 June 2008
26/09/08 - Annual General Meeting
22/07/08 - Change of Adviser

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