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25 Jul 2012 14:34

Providence upgrades resource estimate at Barryroe

Oil and gas producer Providence Resources upgraded its oil in place resource estimates at the Barryroe oil field in the North Celtic Sea Basin, offshore Ireland. The probable resources now total 1,043m barrels of oil and possible resources total 1,612m barrels. The results follow the drilling an

6 Jun 2012 07:51

Barryroe test results vindicate Providence's view

Providence Resources, the Irish oil and gas firm, said a third party assay has confirmed the presence of light sweet waxy oil at the Barryroe oil discovery off the south coast of Ireland. The assay reports the Barryroe oil to be a premium light (43 degrees gravity API), low sulphur, low TAN (acidit

25 May 2012 15:54

Resources round-up: Petro Matad, Kryso, Lansdowne Oil and Gas

Petro Matad has revealed that a review of its site in Mongolia indicates that the company should refine the work completed to date to produce drill and seismic targets, prompting it to suspend drilling and testing for the rest of the calendar year to complete the suggested changes. Some of the seism

24 May 2012 14:44

Resources round-up: Griffin Mining, Lansdowne, ATH Resources

Griffin Mining has continued to deliver 'excellent' results from underground diamond drilling at its Caijiaying mine in northern China. Some of the best results so far include 37.4 metres (m) at 6.55g per tonne gold and 4.33% zinc, 45m at 5.23g/t (grammes per tonne) gold and 4.47% zinc and 28.5m 3.4

23 Mar 2012 07:06

Providence sees potential in Irish appraisal well - UPDATE

UK- and Ireland-focused oil and gas group Providence Resources has announced that testing at its Barryroe well, offshore southern Ireland, has proven the reservoirs to be highly productive. The productivity of the the gas bearing interval on the 48/24-10z Barryroe appraisal well far exceeded expect

15 Mar 2012 09:15

Providence strikes black gold off Irish coast

Oil explorer Providence Resources has found more oil than expected at its Barryroe well off the coast of Ireland. Tests showed flow rates at the site were 3,514 barrels of oil equivalent per day - almost double its pre-drill target of 1,800. Gas flow rates were 4,000 barrels of oil equivalent per

9 Feb 2012 11:40

Positive drilling result for Providence

Providence Resources, the Irish oil explorer, has found signs of the black stuff during appraisal drilling in the North Celtic Sea Basin offshore southern Ireland. The original drilling timeline was initially set back by bad weather and by technical problems with the rig but operations started agai

23 Nov 2011 12:33

Lansdowne receives 3D seismic survey data

Lansdowne Oil and Gas has received the processed three-dimensional (3D) seismic surveys carried out this summer over the Amergin, Rosscarbery and Midleton prospects in the North Celtic Sea Basin, offshore Ireland. Chief executive officer Dr. Steve Boldy said: "Lansdowne believes 3D seismic will pr

7 Nov 2011 13:14

Providence rises on delivery of rig

Oil and gas exploration and production company Providence Resources has taken delivery of the GSF Arctic III semi-submersible drilling rig for the upcoming appraisal drilling programme at Barryroe, off the coast of Ireland. The rig is currently being mobilised to Irish waters from the North Sea, a

19 Oct 2011 15:21

Barryoe licence awarded by Irish energy ministry

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

19 Oct 2011 07:48

Lansdowne working interest gains licence

Lansdowne Oil & Gas, which has a 20% working interest in the Barryroe area, has welcomed the news that the area has been awarded a standard exploration licence. The area is 25 sq km larger than a previously held licencing option, with the additional area lying on the northern side of the where add

16 May 2011 14:13

Lansdowne dives on results

Volatile tiddler Lansdowne Oil and Gas was on the move again Monday as the market reacted negatively to the Irish oil explorer's full year results. The post-tax loss for 2010 was £1.1m, a marginal improvement on the previous year's loss of £1.2m. Gross operating expenses were unchanged at £1m, wh

18 Feb 2011 14:46

London afternoon: Miners spooked by China

Footsie staged a half-hearted recovery over the lunch time session but the market remains lower on balance, largely as a result of weak miners, which have taken fright at further attempts by the Chinese authorities to cool down the Chinese economy. China has raised bank reserve requirements by half

18 Feb 2011 14:45

No mystery this time to Lansdowne surge

Shares in Lansdowne Oil & Gas shot up again on Friday and, unlike last week, when the directors of the company said they were mystified by the sharp price rise, the catalyst for the latest rise is a resource update for the company's Celtic Sea Acreage. In the two oil discoveries in which Lansdowne

10 Feb 2011 16:05

Lansdowne puzzled by price rise

Lansdowne Oil and Gas says that it does not know why its share price has jumped today. At one point the share price was more than two-thirds higher on the day but it has fallen back so it was 30% higher to 39p. The share price has doubled in the past week and is nearly 180% higher over the past mo

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