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Pin to quick picksLansdowne Oil Share News (LOGP)

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Barryoe licence awarded by Irish energy ministry

Wed, 19th Oct 2011 15:21

The Irish energy ministry has dished out a standard exploration licence for the Barryoe oil discovery in the North Celtic Sea basin to a consortium comprising Providence Resources, San Leon Energy and Lansdowne Oil and Gas.Licence 1/11, which has been awarded for a period of up to six years and is split into two three year phases, is a successor to licensing option 08/1. The area covered by the licence has been increased by around 9%, equivalent to 25 sq km, to cover additional acreage with identified resource potential.Providence Resources holds a 50% interest in the licence and operates on behalf of San Leon, which has a 30% interest and Lansdowne Oil & Gas, which has a 20% interest.An upcoming well, the 48/24-J well, which is planned for mid-November of this year, is set to demonstrate higher flow rates through the use of new technologies."In addition to being a very important confirmation well forthe future development of the Barryroe oilfield, this well also heralds the renaissance of major drilling activities offshore Ireland. As the first well inmore than twenty years to be drilled on this accumulation, we are fortunate to be able to avail of today's technology and market conditions to advance thisproject and in doing so, endeavour to deliver the first commercial oil development offshore Ireland," said Providence's chief executive officer, Tony O'Reilly. Oisin Fanning, executive chairman of San Leon said: "The higher oil price, new technology and location of Barryroe could certainly see this field being developed in the not too distant future. The share price of Providence was trading at 160.5p, up 0.75p on the day, in afternoon trading. Lansdowne's shares were down one-eighth of a penny to 30-1/8p, while San Leon fell a halfpenny to 14.75p by 15:29. NR
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19 Sep 2014 13:05

Lansdowne Oil & Gas widens losses in first half

Lansdowne Oil & Gas (LOGP) widened its first half loss as operating expenses increased significantly. The Irish upstream oil and gas company reported a loss before tax of £746,000, compared to £342,000 the previous year. Operating expenses rose to £0.75m from £0.34m, mainly due to foreign exchange

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19 Sep 2014 07:30

Lansdowne Oil & Gas Losses Widen But Optimistic On Barryoe

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7 Aug 2014 09:25

Providence Resources Gets Extension At Barryroe Project

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27 Jun 2014 10:38

Lansdowne Oil & Gas Pretax Loss Narrows Slightly On Lower Costs

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18 Feb 2014 11:27

Providence Resources, Lansdowne Oil & Gas Get Barryroe Area Extension

LONDON (Alliance News) - Providence Resources PLC and Lansdowne Oil & Gas PLC Tuesday said the licence area at their Barryroe Oil Field has been increased after Providence was granted a 180 square kilometre increase in the extent of the standard exploration licence 1/11, which contains the site.<

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9 Dec 2013 16:18

Entertainment One exec sells 1.8m pounds of shares

Patrice Theroux, President of the Film division of Entertainment One has sold nearly 1.8m pounds-worth of shares in the company via two separate transactions, it announced on Monday. Theroux disposed of 665,462 at a price of 240.1p on December 5th and offloaded a further 75,000 at 240p the followin

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13 Nov 2013 14:19

Lansdowne, Enegi Welcome ABT Oil & Gas Farm Into Helvick Field

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26 Sep 2013 11:42

Lansdowne Oil & Gas Pretax Losses Almost Halve On Lower Administrative Costs.

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5 Apr 2013 07:20

Providence and Lansdowne optimistic after Barryroe audit

Ireland-based oil and gas group Providence Resources and AIM-listed partner Lansdowne have received an audit of their joint-owned Barryroe oil field which confirmed 'significant' volumes and recoverable resources. The field, located in the North Celtic Sea Basin, contains the Basal Wealden and Midd

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17 Jan 2013 11:20

Lansdowne Oil & Gas unveils seismic data for offshore Ireland prospects

North Celtic Sea-focussed Lansdowne Oil & Gas has published an operational update citing findings from its latest seismic inversion work in the Galley Head gas accumulation and Midleton and SE Rosscarbery prospects. Results of the seismic inversion highlighted positive fluid anomalies which were li

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10 Oct 2012 11:47

San Leon Energy rises on Barryroe update

San Leon Energy, the AIM-listed oil and gas explorer, rose following reports that studies on the Barryroe oil field will have a recovery rate of 17-43 per cent. The latest update from Barryroe's operator, Providence Resources, on the oil discovery in the North Celtic Sea Basin, offshore Ireland, h

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10 Oct 2012 07:36

Providence, Lansdowne upbeat about Barryroe potential

The Barryroe oil field in the North Celtic Sea Basin, offshore Ireland, has significant production potential, according to the latest studies by operator Providence Resources. Providence, which part-owns the licence (80% stake) along with AIM-listed peer Lansdowne Oil & Gas (20%), recently undertoo

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5 Sep 2012 09:43

Providence Resources mulls huge extra reservoir at Barryroe

Providence Resources, the oil and gas explorer working in the North Celtic Sea offshore Ireland, says its Barryroe field could have significantly more oil in place than originally thought. An analysis of data gathered at two new areas within the field suggests there could be the equivalent of an ex

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23 Aug 2012 10:31

Lansdowne taps market

Ireland-focused Lansdowne Oil and Gas has raised fresh funds through a share placing at a mild discount to the current share price so it can continue to develop its Barryroe project in the North Celtic Sea Basin. Lansdowne placed 18.2m new ordinary shares with institutional investors at a price of

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9 Aug 2012 09:19

Providence smiling after Irish licence granted

Two AIM listed oil explorers, Providence and Lansdowne, are celebrating after receiving a two year licensing option offshore Ireland. Providence Resources and its partner Lansdowne Oil and Gas have been offered a new licensing option over five part-blocks covering 500 square kilometres adjacent to

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