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In a corporate update on the 1st of October Providence have stated that they will commence with the licence reversion process of APEC's 50% working interest in Barryroe. I suppose there should be a RNS realised when this process is finished. As you say Manyana, it is very curious
Yes, I think it is confusing.
You are correct that the original Barryroe is still 50% APEC and Lansdowne 10% but the one where
EXOLA and Lansdowne do not have an APEC interest is the extended area allocated to Barryroe which extends to the North of Barryroe as is an area probably as big as the original.
This does not have an APEC interest so could be developed as a totally separate license area by Providence, EXOLA and Lansdowne and, I presume, excludes San Leon because it was not part of the original Barryroe that they had their 4.5%nett interest in.
A very curious situation.
Sorry that is the wrong link.
I would not be able to work out if the percentages for Providence or Lansdowne have being changed from the DCCAE site:
http://gis.dcenr.gov.ie/internetIPAS/servlet/internet/IPAS2IAuthorisationSearchResults
Dear Manyana,
Thanks for your guide on how to find Barryroe on the DCCAE site.
I might be missing something, but per Providence's RNSs' Sel 1/11 is barryroe http://www.providenceresources.com/sites/default/files/BARRYROE%20FARM-OUT%20-%20SEPTEMBER%202018.pdf
on my search of the DCENR site APEC are still listed as 50% owners of SEL 1/11.
With respect to L012/4 - APEC are nowhere to be seen. Only Lansdowne Celtic Sea Limited has a 20% ownership. It appears that LO12/4 was subsumed into SEL 1/11 in 2015 https://www.rigzone.com/news/oil_gas/a/141413/Providence_SEL_111_License_Extended?rss=true
Try This
http://gis.dcenr.gov.ie/internetIPAS/servlet/internet/IPAS2IHome
Click on "Search Potential Fields"
Click on "Search Authorisations" which is one line up.
In the Operator Field put "Exola DAC" and click enter. Alternatively you can enter "Providence" for Operator and it will bring up all the Providence list.
In either case Click on LO12/4 to bring up Barryroe.
Good Luck