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Pin to quick picksLansdowne Oil Share News (LOGP)

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Share Price Information for Lansdowne Oil (LOGP)

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Cantor retains 'buy' recommendation on Lansdowne Oil & Gas

Mon, 22nd Jun 2015 11:18

Cantor Fitzgerald has kept a 'buy' recommendation on Lansdowne Oil & Gas after it announced it will drill the Midleton gas prospect this year. The broker also retained its target price for the Irish oil & gas explorer at 33p.Lansdowne announced Monday that PSE Seven Heads, a Kinsale Energy subsidiary, has contracted with Diamond Offshore Drilling to start a well during August this year, using its SEL 4/07 licence.Kinsale Energy has 80% of the SEL 4/07 licence, while Lansdowne has the rest.Through the farm-in agreement previously announced, Kinsale Energy will fund 100% of the drilling costs including the survey work."In terms of valuation, we ascribe 23.1p per share to an assumed farmed down Barryroe, 18p per share to exploration upside and -8.1p per share for financial items," Cantor said in a note.
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10 Mar 2015 15:27

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19 Nov 2014 16:03

Lansdowne Oil & Gas offloads stake in Celtic Sea licence

Explorer Lansdowne Oil & Gas has offloaded a majority stake in an oil licence off the coast of southern Ireland. The group, which explores in the North Celtic Sea Basin, said it had entered a farm-in agreement with PSE Kinsale Energy, a wholly-owned subsidiary of Petronas, under which Kinsale will a

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14 Oct 2014 09:17

Tuesday broker round-up UPDATE

Anglo Pacific: FinnCap upgrades to buy with a target price of 158p. Peel Hunt shifts target price from 196p to 198p retaining its buy recommendation. Ashmore: Canaccord Genuity upgrades from sell to hold with a target price of 300p. Numis cuts target price from 369p to 355p retaining an add rating.

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